It's look like eurusd has broren the fallen trendline but it can be more bearish before the rise. Be careful.. my projection is march 2022 is the start.
Trump changed his mind and decided to want strong dollar but we all know he is just a politician so i think he will get his first wish in the long range but for know people's confused. Because of that i'm waiting a short term profit taking and a little short pressure. But this will not last much in my opinion.
This week will be very volatile because of the...
It's look like the weekly resistance (red) has worked and also there is a divergence between price and the momentum indicators. So, I'm expecting a mid - short term correction. My targets are in the chart. If there will be two candle close above the resistance then the formation will be cancelled.
When I look that old quarterly ECU and Euro charts, I have noticed that there is a working uptrend. If same movements will occur again we will see 1.8 levels in the very long term I think. Also we can see that similar monthly movements are continuing. The key point is technical analysis may not work in this very long date range. I will plan my trades with this possibility.
10 minutes ago i shared same analysis but when i look again i have noticed this big down tren channel. Maybe it'll not lasts that way but i think it'll be similar.
My explanation that i shared before:
There is an obvious head&shoulders pattern but it'll not work that simple. And also the down trend channel had been broken, so price will continue it's down way...
I was waiting for a bearish move to 1.185 but that latest bullish candles carrying heavy volume and also they very tall. So now i'm waiting for a retrechment to 1.195 and i'll look for any bullish sign from this area.
There is a bullish trend but price can't continue like this. All indicators are overbought and there is some bearish signs coming. So i'm waiting a pullback to 1.215 area. and then expecting bullish movement to continue
Generally it's a reversal pattern but it should be watched. There is an awesome divergency also. So probably it'll be a bearish correction. Fibonacci levels can be used.
Maybe an obvious head and shoulders pattern will fail. I hope it won't happen but dollar seems weak. If the neckline has been broken the price will go to declining up trend line and maybe it will break this line too.
I'm updating my analysis I prepared yesterday, I draw price channel a bit wrong. Same as yesterday: Maybe an obvious head and shoulders pattern will fail. I hope it won't but dollar seems weak. If the neckline has been broken, the price will go to declining up trend line and maybe it will break this line too. Declining trend line is meeting 0.618 retrenchment of...
I'm updating my analysis I prepared yesterday, I draw price channel a bit wrong. Same as yesterday: Maybe an obvious head and shoulders pattern will fail. I hope it won't but dollar seems weak. If the neckline has been broken, the price will go to declining up trend line and maybe it will break this line too. Declining trend line is meeting 0.618 retrenchment of...
There is an obvious head&shoulders pattern but it'll not work that simple. And also the down trend channel had been broken, so price will continue it's down way on this descending trend, and after it will hit to the weekly ascending trend and will continue it's weekly rising way. I mean when we saw the head and shoulders pattern all of us had jumped in but price...
