EUR/USD forecast

1 nov. 2020

Hello Traders,

The blue bar patterns that I forecasted last Friday is in place now, if there is a downward gap when market opens I would add another long position.
Next time cycle is shown with two vertical lines, I will update it and make it more precise when we get closer to that time zone , the next time cycle zone can cause a trend reversal and two different reactions can be expected as showed by Red and Green lines on the chart (I prefer the Green line).
Please consider that these analyses are based on Time cycles so the bars and lines that I put on the chart only show the time and direction not the exact place of price.

If you enjoy the analysis, please press the like button, and follow me. Thanks 😊

Please check my previous analyses which I forecasted the swing top correctly three times in a row.

By the way, please consider that these are just my opinion so they can be wrong. Always follow your own strategy and your own risk management.

Good Luck

2 nov. 2020

Note

In terms of "Time", the Time Cycle worked fine but in terms of "Price", there was not volatile movements so became sideway.