Thought this is interestingCould BIG Money be accumulating while we wait for the next leg/legs down which would catch many off guard causing major fomo?
200ema-pullback
EURHUF still pointing downward, now with h&s formingA sloppy, but valid h&s is in the making. Short target is a key level, which is also reinforced by the 200 EMA.
Trump will save usBulls will be hoping for a straight bounce off the 200.
Bears will be riding the momentum down.
I do believe this is a test of the 200 . Shit can't climb forever.
Just short assets until things turn around
EMA200 bounce, for nowthe price bounced on the 200 days EMA. If it violates that EMA then it will be going for the 400 days EMA (big one)
200 EMA waiting to receive priceactionThe EURUSD has topped again above the 14 EMA.
It still is struggling against its uptrend.
It also tried out to get back to its 200 EMA level, but it didn´t succeed.
As the theory works, price level needs to come back to certain levels. In this case, it is the 200 EMA.
We can see that price moved now 360 bars without coming back to earlier levels.
We still can expect a drop down some moment before it will go back into it´s uptrend.
NZDUSD Technical Outlook: Bearish Bias, Rejection from 200 EMANzdusd has rejected from 200 EMA on H4 time frame. This zone will be strong resistance for this pair in future. Now this pair is staying below near term resistance at 0.6970. Below this level, we can look for sell and target will be 0.6900 area as pointed on the chart.
