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| EUR/USD 1-hour chart, source: forexfactory.com |
Rapid trend-turn pattern, V pattern appeared and currency pair EUR/USD keeps rising. This pattern shows a rapid turn but it fails the completion of the trend turn occasionally than Heand-and-Shoulder pattern and Double-Tops pattern.
Does it rise or fall, then? I think it's meaningless to find the answer. This pattern was made by the political news in England. and we have no measurement on the sudden accident. The accident made the participants think the England's remain in EU and the price surged. But the uncertainty is not cleared as ever, nothing is changed, though the accident.
Euro has declinced till it recorded lowest price in year and the lowest price was checked as the supporting price line. Whether English choose, the price will not fall under 1.1100. Now, we need to the news from England than analyse the bottom-rising trend line and take a break.
If not clear, don't enter the market. I want to speak.
You can read the story in http://cafe.naver.com/gjallarhorn/31
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