EUR/USD Chart Analysis
Good Afternoon traders !
Here is my current idea of what is going to happen for the rest of the week
So currently right now it seems like its creating a double bottom and of course everyone knows what that means !
But ! There is a catch .
Its could possibly form a head and shoulders because on the left side it created a shoulder and now its creating a head and later around this week or maybe next who knows it will possibly make an Ascending triangle and continue to move up and them try to break our current highest resistance line
Thank you very much for taking the time and read this !
Dont forget to leave a like if you agree !
*if you don't agree just leave a comment on ways for me to get better!*
Good luck !
Disclaimer:
I am not a professional trader & I am not responsible for your losses if you choose to follow my analysis .
Forex RISK DISCLAIMER:
Trading spot foreign currencies (“forex”) is not appropriate for all investors, and the risks of forex trading can be substantial. You should carefully consider whether forex trading is right for you in light of your particular circumstances and financial resources. By acknowledging this statement and contracting for the services provided by Market Traders Institute, Inc. (“MTI”), you acknowledge that you have not sought advice from MTI regarding the appropriateness of forex trading for you, and MTI has not provided any such advice to you.
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You understand that past performance associated with any trading signals offered by MTI, whether actual, hypothetical or historically “back-tested” is neither necessarily indicative of nor a guarantee of future performance or success.
Trading MTI signals may result in the total loss of the funds that you deposit at a Financial Institution, and you may incur losses in excess of your deposits. Leverage can work against you as well as for you, and can lead to large losses as well as gains. Moreover, funds held at such Financial Institution are typically not guaranteed or insured against misappropriation or the bankruptcy of the Financial Institution. You should only trade forex with funds that you can afford to lose.
Based on the foregoing, you agree that you shall not seek to hold MTI responsible for any losses associated with any trading signals provided to you by MTI. In the event that any claims, suits, actions, damages, liabilities, obligations, losses, or expenses (including reasonable attorneys’ fees) arise out of or relate to the relationship between MTI and you, and/or any trading signals provided by MTI to you, you agree to indemnify and hold MTI harmless therefrom.
THIS BRIEF STATEMENT CANNOT DISCLOSE ALL THE RISKS AND OTHER ASPECTS OF THE FOREX MARKETS. YOU SHOULD CONSULT WITH YOUR FINANCIAL ADVISOR PRIOR TO TRADING FOREX.
Here is my current idea of what is going to happen for the rest of the week
So currently right now it seems like its creating a double bottom and of course everyone knows what that means !
But ! There is a catch .
Its could possibly form a head and shoulders because on the left side it created a shoulder and now its creating a head and later around this week or maybe next who knows it will possibly make an Ascending triangle and continue to move up and them try to break our current highest resistance line
Thank you very much for taking the time and read this !
Dont forget to leave a like if you agree !
*if you don't agree just leave a comment on ways for me to get better!*
Good luck !
Disclaimer:
I am not a professional trader & I am not responsible for your losses if you choose to follow my analysis .
Forex RISK DISCLAIMER:
Trading spot foreign currencies (“forex”) is not appropriate for all investors, and the risks of forex trading can be substantial. You should carefully consider whether forex trading is right for you in light of your particular circumstances and financial resources. By acknowledging this statement and contracting for the services provided by Market Traders Institute, Inc. (“MTI”), you acknowledge that you have not sought advice from MTI regarding the appropriateness of forex trading for you, and MTI has not provided any such advice to you.
You agree and acknowledge further that the trading signals provided to you by MTI (trading signals) are not, and are not intended to be, an offer or solicitation to enter into any forex transaction, or any type of trading or investment advice, recommendation or strategy. You acknowledge that it is solely your decision to determine which, if any, MTI trading signals to use for trading (whether actual or simulated) at a Retail Foreign Exchange Dealer, Futures Commission Merchant or other financial institution (collectively referred to as “Financial Institution”), and whether to send all, some, or none of the MTI trading signals to such Financial Institution for execution.
You understand that past performance associated with any trading signals offered by MTI, whether actual, hypothetical or historically “back-tested” is neither necessarily indicative of nor a guarantee of future performance or success.
Trading MTI signals may result in the total loss of the funds that you deposit at a Financial Institution, and you may incur losses in excess of your deposits. Leverage can work against you as well as for you, and can lead to large losses as well as gains. Moreover, funds held at such Financial Institution are typically not guaranteed or insured against misappropriation or the bankruptcy of the Financial Institution. You should only trade forex with funds that you can afford to lose.
Based on the foregoing, you agree that you shall not seek to hold MTI responsible for any losses associated with any trading signals provided to you by MTI. In the event that any claims, suits, actions, damages, liabilities, obligations, losses, or expenses (including reasonable attorneys’ fees) arise out of or relate to the relationship between MTI and you, and/or any trading signals provided by MTI to you, you agree to indemnify and hold MTI harmless therefrom.
THIS BRIEF STATEMENT CANNOT DISCLOSE ALL THE RISKS AND OTHER ASPECTS OF THE FOREX MARKETS. YOU SHOULD CONSULT WITH YOUR FINANCIAL ADVISOR PRIOR TO TRADING FOREX.
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.