Mhdh2014

Mhdh2014

From a daily point of view, we can see that 3 bearish candles formed August 28,29 and 30th. Afterwards, on the 4 hour chart, the pair made a lower low and began to retrace into fair value gap yesterday afternoon, but immediately rejected from that level. This morning, price rejected that area again, indicating the bearish continuation may go on.

Mhdh2014

3 bullish candles on Daily time frame makes me believe this pair will continue to keep grown. Price respected 50% level of 3 marching soldiers on the daily time frame. It failed to respect resistance level 1.36890 and has formed reverse head and shoulders.

Mhdh2014

Broke hourly resistance on 1 hour timeframe, then retraced. 2 sets of 3 bullish candles is my confirmation to take long position.

Mhdh2014

I believe in a short term sell for EURUSD, possible uptrend after it hits TP of 1.07180 or it may continue to go down. Entry: 1.0760 SL: 1.0765 TP: 1.07180

Mhdh2014

I believe EURUSD will continue down, not breaking the 1.08100 level SL: 1.08090 TP: 1.06130