EURUSD pattern of 15°
Hello Traders! Welcome to a quick analysis of EURUSD 1H
As we can see, a new pattern is emerging, before every breakout to the downside (last 3 times) we have seen a trend angle, that increases by 15° for every breakout.
Right now, we're at 60°, the first was 30°, then 45°, and now 60°.
So what can we expect? Probably another breakout to the downside and, possibly, a new trend angle of 75(!) degrees.
We can also see that we are currently below the Moving Average, So it's not time to go long just yet, hold your capital!
Happy Trading!
-BitBotly
As we can see, a new pattern is emerging, before every breakout to the downside (last 3 times) we have seen a trend angle, that increases by 15° for every breakout.
Right now, we're at 60°, the first was 30°, then 45°, and now 60°.
So what can we expect? Probably another breakout to the downside and, possibly, a new trend angle of 75(!) degrees.
We can also see that we are currently below the Moving Average, So it's not time to go long just yet, hold your capital!
Happy Trading!
-BitBotly
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