PREVIOUS EURGBO HIGHLIGHTED A POSSIBLE CHANNEL PLAY WHICH WAS A SUCCESS. DOWNSIDE TARGET WAS ACHIEVED
IT LOOKS AS SUPPORT HAS BEEN FOUND AT OUR DOWNSIDE TARGET ZONE AND NOW A BULLISH LEG TO THE UPSIDE TARGET ZONE WILL HAPPEN.
A BREAK OF THE COUNTER TREND LINE WILL SIGNAL LONGS IF WE BREAK THE PRICE DECELERATION ZONE I CAN SEE UPSIDE TARGET ZONE BEING REACHED
IT LOOKS AS SUPPORT HAS BEEN FOUND AT OUR DOWNSIDE TARGET ZONE AND NOW A BULLISH LEG TO THE UPSIDE TARGET ZONE WILL HAPPEN.
A BREAK OF THE COUNTER TREND LINE WILL SIGNAL LONGS IF WE BREAK THE PRICE DECELERATION ZONE I CAN SEE UPSIDE TARGET ZONE BEING REACHED
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The Price Acceleration/Deceleration Zone will be key in determining where this goes next. If price stalls here and we see a break of the counter-trend line we should see upside target zone achieved.
If the Price Acceleration/Deceleration Zone fails to hold we should see the pair returning to the lower bounds of the channel and downside target zone and possibly breaking the channel.
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