Short

EUR/USD in this week

Updated

All of us know that whenever decides to reverse it take time and energy which means
many different reversal patterns in the reversal area. As a matter of fact it is happening
for EUR and many different idea and patterns may exist for now situation of EUR but what I think is considering main alternatives for our analysis. For now EUR/USD is struggling between buyers and sellers hands to find the nest direction.
As a trader we should wait to see this blue channel and then green zone.
I prefer to see down trend.
Thanks

Note

Hi
it is 80 % confirmed and we need a pullback to become 100 percent about decline.
But it might possible that this pullback is made far from green zone(Red zone now).
Be safe my friends

Note

and also I recommend to use 4 hour chart or uppers

Note

It is making another consolidation area and I am not sure if it is broken out in NYC session.

Note

in my time fibo analysis I guess this trend starts before tomorrow NYC session.
Maybe in London or even Tokyo.

Note

making consolidation zone (Running Flat) for another decline probably.
Draw a rectangle and wait to breakout.

Note

It might be Expanded Flat (Probably)
Confirmation = Lower Boundary Line Break-out

Note

it seems that EUR and DXY are playing more complex between buyers and sellers and as mentioned above we don decide for another bearish movement unless our last lower low is broken down.
Just wait for them now

AMA_FX

AMA

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.