EUR/USD Tendency to decline in the weekly time frame?
Hello friends
As the slope in the uptrend diminishes, I expect a reversal to the downtrend
The price has hit a strong resistance in the monthly time frame and has been in the range for some time
I think, on the weekly time frame, due to the MA200 collision and then the shooting star candle formation, the price tends to go down.
*And we know that the direction of the price trend is formed with weekly time
But by examining the smaller time frames, I see a pullback before the decline
be profitable
Thank you for expressing your opinion with likes and comments
As the slope in the uptrend diminishes, I expect a reversal to the downtrend
The price has hit a strong resistance in the monthly time frame and has been in the range for some time
I think, on the weekly time frame, due to the MA200 collision and then the shooting star candle formation, the price tends to go down.
*And we know that the direction of the price trend is formed with weekly time
But by examining the smaller time frames, I see a pullback before the decline
be profitable
Thank you for expressing your opinion with likes and comments