Andre_Cardoso

Andre_Cardoso

The technical sell point is when price penetrates the lower trend line of the pennant area, ideally on volume expansion. Be patience...

Andre_Cardoso

If the price breaks the H4 Super Trend downwards... ...next stop around 1.1840

Andre_Cardoso

First target around 1.456 Second target around 1.40

Andre_Cardoso

We still inside the channel, i see a movement up to 1.715 area

Andre_Cardoso

It is possible, before we reach the target of bat pattern mentioned above on Daily chart, that we can see the price to go test Pivot Zone. For this to happen, the price must break the channel. Let's see how many times will need to test or if it breaks down the area, or a continuation of upward movement to Bat Pattern target Point D.

Andre_Cardoso

EUR is overbought as on daily as on weekly – retracement probably will be solid. Besides, May Pivot has not been tested yet.

Andre_Cardoso

If the price break the 1-hour chart bearish bat pattern above 1.135, here's what can happen next...

Andre_Cardoso

Use this channel as additional signal of starting move down. EUR probably should break it down… Mental note: "Make a plan, trade your plan..."

Andre_Cardoso

Just following. Enter Long at D

Andre_Cardoso

Introducing Patterns

Andre_Cardoso

I'm not trading it, but as we all should know, it supports/commands the movements of majors forex pairs, so, it should be, in my point of view, the first indicator to use and to "fiscalize" ;) Crucial zone of 96.30's to break, or a retracement to 0.618 fibo are the next steps to follow. In my opinion, it will not be easy to break that level at 96.30, and we will...

Andre_Cardoso

After rejecting the price at 1.0898 ( resistance H1) , I believe we will see this pair in a short time to land on the 1.07192 area, not breaking the line upward trend

Andre_Cardoso

Resistance & Support Levels * This Chart only show´s sup&res levels for eur/usd pair.

Andre_Cardoso

patience is a virtue!