GOT SPOPPED OUT DUE TO A RE-TEST OF THE BROKEN TRENDLIND. BUT WE STLL LOOKING TO GO UP
no need to explain this simple chart pattern formation.
PRICE BROKE THE ACCENDING SUPPORT TRENDLINE AT REISTENCE. A BREAK OF MINOR SUPPORT, EURUSD SHOULD MELT DOWN. TP AT 1.18050
we looking for sells as market structure is clearly bearish. TP AT 17000
WE SEE THAT PRICE HAS BEEN RESPECTING OUR ACENDING RESISTANCE TESNDLINE WITH 3 TOUCHES. PRICE BROKE OUT OF OUR INNER ACCENDING SUPPORT TRENDLINE, CREATING A NEW BEARISH LL AND LH STRUCTURE. IM EXPECTING PRICE TO TOUCH OUR OUTER ACCENDING SUPPORT WHICH IS OUR TAKE PROFIT.
WE SEE THAT PRICE HAS BROKEN OUR DECENDING RESITANCE TRENDLINE, CREATING A NEW HH AND HL BULLISH STRUCTURE. WE LOOKING FOR A RE-TEST OF 1.38000 BEFORE GOING UP. TP AT 1.40000