EurUsd Rate at 1.1209
30/12/2019 EurUsd Rate at 1.1209 appears as Resistance Level
New Support Level Lower will include 1.1127
Before A Return towards 1.1457
& Current Channel Range Highs.
Downtrend Mode Forming.
New Support Level Lower will include 1.1127
Before A Return towards 1.1457
& Current Channel Range Highs.
Downtrend Mode Forming.
Trade active
Mid-Afternoon - EurUsd Rate very close towards letting down the team - As of A Return to the 55% percent bar Low at 1.1127
If Price Breaks above Resistance Level 1.1209
Then Uptrend Target needs to be considered
Best Move Higher at this time would be at 1.1250
Trade active
An Hour Later - EurUsd Rate - Resumes Play from high at 1.1218 Expected Out - A Return to the 55% percent bar Low at 1.1127
On the 5 minute Bar.
Trade active
Mid-Morning 31/12/2019 EurUsd Rate - Unwilling to come Down -400% bar on 15 minute chart is overbought badly
Be the case Price may well escalate onto 1.1250
Only if A break occurs above 1.1219
EurUsd Rate - Current Target High
Still remains at 1.1458
Trade active
Sorry was Suspended for a while - Back Now 31/12/2019 Early Evening - A EurUsd Rate Update Price breaking above Resistance Level 1.1219
Leads to 1.1239 - 1.1250 was advised.
Which is at 127% bar on the h1 Chart and leads me to believe that -
A Strong Trend Reversal will occur at this stage high.
Again, Targets Lower include 1.1127 & further lows may be set at 1.1079
As Full Support Level which is at 61% percent bar on the h1 and h4 Charts Lows.
Downtrend Mode
Note
Important Notes : Can you see how trading ideas or trading to rules - Come`s into play as the charts extend more and more relevant data which is needed in order - So we can qualify the charted picture to outcome
Or drawing in the bigger picture then ? So much more quickly & clearly whilst the trends are establishing themselves.
Note
08/01/2020 Early-Morning - A EurUsd Rate Comment - A break below 1.1150 should set the h4 bar low in play.
Current Spot Price 1.1150
Target Low 1.1079
Note
One Hour Later - A EurUsd Comment Above 1.1150 Trend may Push the Rate towards Higher Pricing.
Again, Targets Lower include 1.1127 &
Further lows may be set at 1.1079
Is h4 chart low - this bar may not apply.
So Watch & See will Play out best.
Note
08/01/2020 Mid-Aternoon - EurUsd Rate Update - At 1.1116 I consider that the Rate is at Full Extension Lower Low
And that A Trend Reversal will take place towards Higher Pricing
Target High 1.1366
Uptrend Mode
Trade active
Minutes Later - Oh its the h4 bar low - Further lows may be set at 1.1079Target highs remains towards 1.1458
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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.