EURUSD ( TREND UNDER RESISTANCE TRENDLINE ) ( 4H )
Updated
EURUSD
HELLO TRADERS
TARGET LEVEL :
HELLO TRADERS
- Tendency the price trade below resistance trendline , indicates
EURUSD is under bearish pressure . - TREDN ANALYSIS : resistance trendline toward a downward a direction , and the price stabilizing below this , indicates the price trying to reach a support level .
- TURNING LEVEL : a blue line between resistance and support level around 1.084 , indicates if the price stabilizing below this level reach support level , if the breaking turning level reach a resistance level .
- RESISTANCE LEVEL : there is a green line around 1.094 , indicates selling have already increase this level , so if the price breaking turning level reach this level .
- SUPPORT LEVEL : there is a red line below turning level around 1.071, indicates buying have already increase this level , so if the price stable below turning level reach this level .
- PRICE MOVEMENT : first the price will trying to rising a turning level around 1.084 , after dropping to the support level around 1.075 , then stable below this level reach 1.071 .
if the price breaking turning level reach a resistance level by 1.091 , then stable by open 4h candle above this level reach a 1.094
TARGET LEVEL :
- RESISTANCE LEVEL : 1.091 , 1.094
- SUPPORT LEVEL : 1.075 , 1.071
Note
as mentioned first price rising a turning level before dropping , today the price reach a turning level , if the price trade below this level reach a support level at 1.075 and 1.071 , but breaking turning level at 1.084 reach a resistance level at 1.091 * today we have a NFP news at 15,30 , in my opinion positive for the USD , dropping EUR
Trade active
reach a rising target , know stable a below turning level reach a support level , if the breaking reach a resistance levelTrade active
after reached a turning level as mentioned , the price until trade below the level reach a support level but by breaking turning level by open 4h candle active a bullish trying to reach a resistance level
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