Based off of the recent support and resistance levels we currently are testing a strong one. Also using the fib with some comparing back test after hitting each low I used the previous retest as my high and each retest ended at 61.8 to 78.6. We shouldn't broke this level but if we do I caution a trend change..
LONGTERM PLAN FOR THIS PAIR WILL UPDATE ALONG THE WAY
Charts tend to repeat there selves often. With that theory I came up with checking the charts last retest and current retest both fib levels can't reach 50% and fight to push up which results in a crazy momentum buildup aiming toward the downside.Just think I keep hitting a unbreakable wall eventually I need to rest and once that rest occurs the bears won't let...
DXY POSSIBLE GARTLEY .. Currently in the process of creating a bearish gartley. If this is correct we will either this week or the next test the fib level for AB Leg. Let's see if this is going to work. ESPECIALLY with the dollar building momentum each time it test and doesn't break support.
Expecting the DXY to push upward toward 94.89 area and retest the 95 level. Effecting both Eurusd and Gbpusdo in a bearish momentum. The news we are expecting may help this idea faster or crush the dollar for the week.
We have finally completed are pattern and expecting this pair first TP to be at 61.8% , Second TP 38.2% Third TP 0.0% . We may have enough momentum to broke through the major support at 1.15 zone.
Looking to sell at the 1.59230 area and going to take profit at the 61.8 level.
Currently shorting #Eurusd due to the resistance we have previously seen in this area of 1.175 -1.178 . Daily candle hints possible downtrend but we wait for Days close to confirm. Also we have made a head and shoulders on 30 min chart that could potentially take us down to 1.168. We shall wait and see where today news involvement will help us close.
The daily bearish candle has made way back into the triangle opening an opportunity to see 1.15 zone again. Weekly expectations will be 1.16 -1.158 .
In the process of completing a bearish gartley. We have completed the X to A ,A to B legs. We will be trying to complete the C leg and push toward the 83.1 level and bounce back toward the 86 level to complete the D leg. We can expect a drop from the D leg to 1st target at 38.2% and second Target at 61.8%
BEARISH GARTLEY COMPLETED LEG C RECENTLY AND WE SHALL BE GOING TOWARD 1.22 IN WEEKS .... I AM BUYING THIS PAIR ON DIPS AND HOLDING LONGTERM POSITION.
Currently trading the Daily and monthly head and shoulders expecting a large drop
I wanted to share the pullback zones I used to show why I am selling #eurusd from this level.
We recently hit are pull back zone which was great resistance. Now we should look to sell toward the 1.18000 and below level.
Shorting this paireview if it breaks resistance at 1st black line. There will be a good sell and the 1.35 zone.
Today the EURUSD has been rejected by the 61.8 Fib Level while also touching outside the 4hr bollinger band. We have also reached extreme overbought conditions. In my opinion we had to go up to come down hard. Preparing at this level for a nice sell off. First Tp 1.22139 zone Second TP 1.21500 .
Short #Eurusd Recently on 120 min timeframe candle reached outside of bollinger band. Same level where the fib retracement level 78.6 was held as resistance also RSI shows a oversold sign. Using these three signals I am short and will remain short until 1.17 IMO.