VIDEO ANALYSIS & PROJECTED DECLINE TO FORM CONSOLIDATION SETUP ON THE EURO USD
Based on the patterns formed so far on the Daily and 4 Hour Chart of this pair, we could be in the early stages of the formation of a Consolidation Setup that would be completed over the next few weeks.
The next signal that would be needed to continue the formation of this setup would be a Bearish Engulfing Candlestick Signal or a Double Top Formation on the Daily Chart. Based on what is known about the relationship between the Daily and 4 Hour Charts from my Manual, the pattern on the 4 Hour Chart that could lead to that Daily Chart Signal could come in the form of a Double Top Pattern on that time frame.
Check out the graphs and the Video Analysis of this forecast below and then subscribe to receive the Trade Setup to take advantage of this and other similar setups in the next few days.
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