This is not meant to be a signal or a trade idea! This is a long term analysis of Eur/Usd using a Weekly Time Frame With A Line Chart.
So as you can see, Price broke Support and Came back up recently to Retest WEEKLY SUPPORT NOW TURNED RESISTANCE.....
This gives me the idea that the EXTREME LONG term bias toward Eur/Usd will definately be down into the next major weekly resistance area.
I did draw some trend lines and tried to add all of the touches just to give traders an idea of why I put these lines on the chart.
I know that it may look messy but I think this chart can give us a beginning... in order to form our trade ideas over the next few weeks....
Using the Forecast Tool on tradingview, It would take around 1 Year before price would enter the next support zone.
So as you can see, Price broke Support and Came back up recently to Retest WEEKLY SUPPORT NOW TURNED RESISTANCE.....
This gives me the idea that the EXTREME LONG term bias toward Eur/Usd will definately be down into the next major weekly resistance area.
I did draw some trend lines and tried to add all of the touches just to give traders an idea of why I put these lines on the chart.
I know that it may look messy but I think this chart can give us a beginning... in order to form our trade ideas over the next few weeks....
Using the Forecast Tool on tradingview, It would take around 1 Year before price would enter the next support zone.