My prediction in the upgoing of FX:EURUSD is that we will see a 3-drives pattern shaped first before we're going to have a downtrend to the strong support line. If you are agree with me hit the LIKE button. If you don't please state your objection in the comment section below. Happy trading :)
Right now its on fibo retracement 0.786 BUT if the downtrend continues WOW cling cling cling... it can go lower until fibo 1.6!
Can we see a small breakout first before downtrend in EURUSD? We'll see
After the breakout from its daily downtrend, EURJPY is now entering sideways channel after an uptrend short-trend in 4H. Let's watch is it going up or down, take it easy.. wait for a moment...
I prefer to wait until it (confirmed) rebound from strong (monthly) support, its around the fibo 0.382 :)
Gartley pattern successfully shaped. If you want another confirmation, you can wait until it breakout the downtrend channel, and I will DOUBLE mine :) Another thing for confirmation is when CCI breakup -100 line.
Finally EURUSD have BREAKOUT from previous downtrend channel. BUY now? No, i prefer to wait on the Major support line + Fibo retrace 0.786, look for confirmation (reversal) candle, and BOOM!