EUR JPY Trade Setup Daily TimeframeEUR JPY has broken through a major resistance level, which has now turned into a support level, forming break and retest pattern on the daily timeframe.
We’ll be looking for buy entries from the retest level. to get our entry, let’s scale down to lower timeframes to identify chart patterns and candlestick confirmations.
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Eurusds
EURUSD 4H awaits further declineThe EUR/USD pair shows an additional bearish tendency to continue approaching the first expected target at 1.0640, , so that… The bearish trend scenario remains valid for today,
Pivot Price: 1.0656
Resistance prices: 1.0687 & 1.0706 & 1.0731
Support prices: 1.0632 & 1.0607 & 1.0570
timeframe: 4H
EURUSD 4H Midday updateA narrow range has dominated trading in the EUR/USD pair since the morning, awaiting the release of US economic data, which is expected to cause mixed trading in the markets.
The general expected tendency for today: Neutral
Pivot Price: 1.06295
Resistance prices: 1.06634 & 1.06871 & 1.07067
Support prices: 1.06054 & 1.05840 & 1.05567
EURUSD 4H Pivot Price: 1.12242 EURUSD
stabilizing above 1.12242 will support rising to touch 1.12643 then 1.13076 then 1.13488
stabilizing under 1.12242 will support falling to touch 1.11803 the 1.1139
Pivot Price: 1.12242
Resistance prices: 1.12643 & 1.13076 & 1.13488
Support prices: 1.11803 & 1.1139 & 1.10954
timeframe: 4H
EURUSD - head and shoulderthat's why i'm going for short:
1-head and shoulder pattern (waiting for right shoulder)
2- price touched the support zone (neckline)
3- RSI (14) shows a bearish divergence
notice: in daily time frame we can see another head and shoulder that shows us a bullish movements possibility!
so here we have 2 position opportunity .
short in h4 and long in daily .
lets see what happens!