...must go down.
EURUSD failed to reach the bullish blue median line twice. Then is started to follow the bearish red pitchfork. It broke through the lower MLH's support and it's on its way down. It is likely to reach the dashed line, which marks the size of 'price reaction' extent below the new sloped balance line (being equal to the size of price action' above the balance line).
EURUSD failed to reach the bullish blue median line twice. Then is started to follow the bearish red pitchfork. It broke through the lower MLH's support and it's on its way down. It is likely to reach the dashed line, which marks the size of 'price reaction' extent below the new sloped balance line (being equal to the size of price action' above the balance line).
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.