As we have a kind of double bottom followed by a CHoCH and then a BOS, It seems that we're in a bullish trend right now and as we don't have any divergence in TSI indicator so I think this move is good enough to have a pullback and then come up again to this level. Let's see what happens... Please consider the risk management. Goodluck.
Looking at the 4 hour chart here there are several things I have charted that make my decision for looking for short entries more favorable for myself. Personally, I use my own scripts and scalp intraday sessions and zones, but this analysis allows me to ignore the bullish side of things until otherwise seeing a reason to reverse my bias. Several news factors...
Looks like a clean H&S pattern has formed, indicating that price will now plummet to the downside. Therefore, My bias for most of the EUR pairs is bearish.
The price attempted a false break out of the ascending wedge and was rejected by the yearly resistance at 1033, leading to a downward move. A divergence is evident on the MACD indicator. In order to consider a sell signal, we need to wait for the price to break down to 1025.5 ---------------------- Let me know your thoughts in the comments, and show your support...
Hello friends . have a nice day The market needs a growth, I think it will be formed in the dark range of this growth
. - EUR-Index looks ready to seek higher ground - Pivot-perspective is a run from Weekly PP to Weekly R2 - With Dollar still pretty strong other CCY(s) have to facilitate the move - Prime candidate is GBP - This should translate in EURGBP running JUN & JULY '22 highs .
There appears to be forces at work that are expect (are working on making) $DXY move down to 106.5 levels by months end. Today, 108 to 108.5 is in the window I'm looking through. Simple as that! Keep an eye out though, if we break 108.5, the market's gonna be tanking pretty bad, and there's already divergence between $DXY and assets like $BTC in play this week,...
Usually when $DXY tanks, $BTC and other investment assets rise, but today is again diverging from the norm (2 or 3 time in the past days). What explains it? Perhaps the fact that $EUR is 🔺 up? A rebalancing of the currency books, perhaps? Or we're setting up for a fake out in during US open. Where are my currency experts at? The market seems to expect more...
bullish divergence on 8hr & d1 that's it keep it simple, stupid!
Euro index EXY is bullish on 1M TF according to momentum indicators. EXY looks also bullish on 1D TF, but bearish on 1W TF. In September I expect bottom formation and a bullish cross forming on MACD and WaveTrend oscillator. %K line (blue) of StochRSI has already crossed above %D (red) which means that a buying signal has been generated on 1M TF. StochRSI %D...