The price last week just broke the bullish channel and retested around 50% with H4 candle closing bearish we expect a bearish continuation
IDEALLY The price is forming a flag (Continuation pattern) as a sign of a pause (correction) after impulse movement and gaining extra strength for another bullish rally.
The price reaches the weelky demand so buyers will be on driving seat soon
DAILY SUPPLY ZONE and bears are already pushing it down with that doji seen and since its an uptrend we hope its a pullback so bulls are waiting to push the price up again so with FIB retracement we hope the will wait for 61.8% retracemnt
Waiting for ABCD pattern to complete meanwhile we wait a retest on the broken Demand zone 1.05491 for selling opportunities
From the last week the price formed a minor supply zone 0.64315 which we hope it will be tested for a short bearish trade and bullish later on after a bounce of previous demnad zone Also the price can break the last week minor supply 0.64315 for futher bullish movement
Last week, daily timeframe the price formed a minor supply zone 0.59394 so with that minor supply zone we hope price move upward to test that minor supply zone which we will wait for either break and retest or bounce to lower demand and move up later on
Last week tha price escaped the demand zone 0.57895 as we know the has to come back to test the zone for rally upward.Also it my come around 0.57352 demand zone formed earlier for the bulls to push the price up again.
EURCHF up rally as it observed the price has came to test the supply zone and created th small trend in with it broke we expect the price to reach the upper demand zone
Price is like to bearish if it will bounce off the Supply zone
A price is moving in bullish channel in daily time frame and we see it is heading to the support area
The Price is moving on a bullish channel and the price has fallen back to retest and seek for momentum to moving further up and it is proved but Fib retracement
As we see in Daily Time frame the market has formed the inverted Head and Shoulder with the support trend line which implies that it will have a bullish movement as it has moved to that extent.. But now the market is at daily resistance and it has already bounce to prove it is a resistance.We can see it has break the resistance but for now we wait for confirmation...
As long as there is a downtrend and the trend is facing a minor support, if that breakthrough on support is fake the we will have a reversal to bullish movement but it wont just go long it will retest to the near resistance. For route to if the breakthrough is real then it will reverse to the main support for bullish movement it have hard to pass that resistance...