Hello traders!
It's a J pattern and a correction on the top. I have already made an educational post on this pattern. you can see in the chart below.
The start of the J pattern will work as a support. If it keeps falling like this, then it means support will work fine, but if it gives a hard drop at the support area, then no one can save eurusd from going below 1.10000.
There are three types of formation after the J pattern. To understand better look at the chart below.
Hit the like button and follow to stay connected.
It's a J pattern and a correction on the top. I have already made an educational post on this pattern. you can see in the chart below.
The start of the J pattern will work as a support. If it keeps falling like this, then it means support will work fine, but if it gives a hard drop at the support area, then no one can save eurusd from going below 1.10000.
There are three types of formation after the J pattern. To understand better look at the chart below.
Hit the like button and follow to stay connected.