As my analysis predicted it in the last post we can see EU sitting now on a double trend forming an X wich can be considered in your confirmation cheklist and we have a bullish candle that can be considered as a second confirmation for the trade, You can even trace an harmonic pattern on the chart as a third confirmation to go long or not on this...
The EURUSD pair hourly chart view is suggesting that a meaningful bottom might already be in place around 1.1463 levels on Friday. Also note that EURUSD had bounced from a fibonacci 0.618 support of the previous rally as shown on the chart view. If the above structure holds good, we could see higher tops and higher bottoms from current price action and ideally...
On our chart, we observe that since the start of the trading session, the dollar rate is increasing and our pair has again gone down. After Friday's correction and the completion of profit taking by investors at the end of the week, we go down again. Our technical indicators point to a sale. We believe that the level of 1.1470 will be tested again and if it...
Once price hit the changing trendline, i suggest you to wait for a couple pullback candles as additional confirmation before going long so you make sure market don't break the trend out.// PS: PLEASE CONFIRM BY YOUR OWN ANALYSIS BEFORE TAKING ANY DECISION ON THIS TRADE
This is only forecast. Entries should be done after we get price action confirmation
Wait for the price to hit the bottom of the pattern and watch strong price action for buy. Don’t take a trade if you don’t see clearly when big guys are in. Forex signals premium channel. Join us! t.me
Let's looks the falling wedge plays out with support and resistance. I think price will be between 1.15985-1.16488; A test for the nec line too. Range too, maybe it is testing support and then the range will play out. Fib .............
Maybe Head&shoulder @EUR/USD @weekly. TP@1.05596 Sl@ up to 1.182288
At the moment, the downward movement continues for the second week in a row. This means that a mid-term downtrend has been formed and we observe that the price has corrected from the level of 1.1460 to the mark of 1.1510. We believe that the downward movement will continue. Therefore, we advise you to take short positions and consider the targets of 1.1460 and...
The EURUSD has bounced off expected support zone of 1.1450/1.1500 levels for now. But please note that bulls stil need to push above initial resistance at 1.1600 levels to confirm a bullish reversal could be in place. Also note that EURUSD is testing its trend line resistance for now, and a clear break on the north side would instill further confidence in the...
A very very huge falling wedge on EURUSD
EURUSD is approaching our first resistance at 1.1515 (horizontal overlap resistance, 61.8% Fibonacci extension) and a strong drop might occur below this level pushing price down to our major support at 1.1409 (horizontal overlap support, 78.6% Fibonacci retracement). Ichimoku cloud is also showing signs of bearish pressure in line with our bearish bias. RSI (89)...
sellers were held several times, but this is only a delay. The intersection of the key level by the channel will determine more strongly the first or the second. Seeing the past picture, the level will be stronger and we will go to the test of the lower boundary of the channel. Details on my channel.
Finally, the EURUSD price action is suggesting that the wave structure could be near to complete or complete at today's lows at 1.1463 levels. Please note that quite a few convergence is occurring around current price action; fibonacci 0.618 support of Wave A, Bullish divergence on RSI (not shown here), and a potential engulfing bullish candlestick pattern could...
EURUSD Bearish Continuation Details are on the chart. A nice pullback to the 38.2% fibbonacci of the previous bearish leg, with a strong rejection. Happy Trading!