I will make a multi time frame analysis to give you an idea of what the price could do next Monthly: The price is currently over extended. When price is overextended, we always could expect a retracement to happen next. The price could be getting ready to make the retracement soon. Weekly: The price is also over extended. In the weekly we can see also that the...
#EURCZK currently the market is moving in a bullish channel. And its next move will be decided when it touches resistance.And breaks it out or not.
Bullish bat formation for Eurczk. Heard from a friend that the domestic situation is not really good in the country. I'm long on it.
Pattern: Parabolic rise on 1D. Signal: Bullish either if the 0 Fibonacci level breaks or if contact is made with the Buy Zone. Target: 28.7500 (the -0.236 Fibonacci).
BUY EUR/CZK Entry 1 24.77800 Entry 2 24.62010 Sl 24.58000 Tp.1 24.85000 Tp.2 24.95000 Tp.3 25.10000 Tp.4 25.25000 TP.5 25.50000
Pattern: 1M Descending Triangle. Signal: Bullish as the price is consolidating near the 1M Support while making a bullish divergence on the 1D RSI. Target: 25.8000 (below the symmetrical Resistances).