situation with the EUR/USD. 12.01.2017 
I just analyzed the situation with EUR/USD.
USD/CAD come down a bit to test 1:8, and most likely ready to jump up if the trend channel is strong enough to keep the price. In the meantime, I traded at EUR/USD.
1. EUR/USD really moved the way I've described, with reasonable accuracy. Better safe than sorry ... I didn't risk and didn't wait until the level 3:1 will be achieved. To be more precise, the trade was closed by trailing stop.
2. The price has already quite briskly gone up to the level 8:1. There was a false breakdown 8:1 to the resistance 1.09196. I expect that the price will fall, because the 8:1 will resist.
3. The depth of the fall - this is the main issue right now. If this is just a correction, it's likely that the bullish trend will prevail and the price reaches the levels 1.09196 and 1.09491. If an action of 8:1 is strong, then the bears will pull the price down to the level of 4:1, which may involve a further fall.
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Surrealism
Last edited by SalvatoreD; Jan 12, 2017 at 12:36am.
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