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Medianline

ETHEUR: Potential Big Move to The UpsidePrice broke above the uptrend it was moving in so I drew a new median line set, an upsloping one. We may see that price found resistance at the median line, a good sign to make us believe that the slope of the pitchfork is an active one. Having that in mind I will keep an eye at the lower parallel of the fork for a buy setup completion. If we have one and see price bouncing from the lowwer parallel we have very good chances to see price heading towards the median line once again
Long
by Fxprotrader
USDJPY: Potential Massive Move About to BeginIn case price continues its sell off it will very soon test the sliding parallel fo the median line set which previously has acted as support forcing price to rally. Since the level is has hold in the past we have no reason to believe it won't hold when it will be retested. Watch for a sell setup at the parallel and in case it works in the begining don't set a profit target but try to trail it till the median line of the fork where price found resistance and reversed. 240min chart: I will be updating this post as long as it takes and action is present. So like and follow to get the updates..!
Long
by Fxprotrader
12
EURUSD: Key Resistance May Give The Uptrend a BreakI will post a series of post with median line analysis in most of the pairs, analyzing the higher timeframes to see where we stand and what to wait for in the upcoming week. In my first post in EURUSD what we may see looking at the daily chart is that price is clearly in an uptrend and has reached the sliding parallel of the upsloping median line set where previously found very good resistance. Looking at the lower timeframes we may see that we have a MACD bearish divergence a sign that this upmove is losing it's steam and there is a good probability that we make have a reversal. In the chart below you may see a strategy on how you may trade EURUSD in case this daily resistance level holds. Hourly chart:
Short
by Fxprotrader
8