EURUSD has been under a lot of buying pressure for the last two weeks. Fortunately, markets do not move in straight lines. Markets give us a chance to enter short positions when a price is heavily overbought.
I assume such overbought conditions are clearly visible on EURUSD chart.
In terms of wave theory, it is highly likely the price will go down if it violates the pattern line.
it would be reasonable to wait for that break and then sell after a period of a small correction.
I assume such overbought conditions are clearly visible on EURUSD chart.
In terms of wave theory, it is highly likely the price will go down if it violates the pattern line.
it would be reasonable to wait for that break and then sell after a period of a small correction.