๐ฐYou can see the analysis of euros in US dollars in a two-hour time frame (EURUSD _ 2H)๐๐ง
โด๏ธAs is evident from the image, the price is moving in a descending parallel channel (black๐ค channel). After breaking the bullish parallel channel (purple๐ color) in the main bearish parallel channel (black๐ค color) the price has fallen to the DEMAND๐ range. The price can rise up to its SUPPLY๐ range as specified in the pictureโโ However, if it breaks the DEMAND๐ range downwards, it can descend to the bottom line of the downtrend channel and the 1.618 Fibonacci retracement range (orange๐งก) drawn from the A_B pointโ๐ง
In your opinion, the price will move according to which scenario, GREEN๐ or REDโค๏ธ โโ
I hope the analysis was useful for you๐ค๐น
๐Please introduce the channel to your friends ๐๐ป
____________๐TRADER STREET๐_______________
โด๏ธAs is evident from the image, the price is moving in a descending parallel channel (black๐ค channel). After breaking the bullish parallel channel (purple๐ color) in the main bearish parallel channel (black๐ค color) the price has fallen to the DEMAND๐ range. The price can rise up to its SUPPLY๐ range as specified in the pictureโโ However, if it breaks the DEMAND๐ range downwards, it can descend to the bottom line of the downtrend channel and the 1.618 Fibonacci retracement range (orange๐งก) drawn from the A_B pointโ๐ง
In your opinion, the price will move according to which scenario, GREEN๐ or REDโค๏ธ โโ
I hope the analysis was useful for you๐ค๐น
๐Please introduce the channel to your friends ๐๐ป
____________๐TRADER STREET๐_______________