EUR/USD is following the trend since the starting of the 2019. However this trend is in very nice structure and it can be clearly predicted, but i think that maybe there will be a dramatic change to the trend. On the daily chart we can see a HeadAndShoulders pattern and the price is following the prediction of the same pattern. By my opinion, i think there is a...
After touching thee previous resist level , its predicted that the price will move down. Also there is a fibonacci extension to the same level . But in the way day, with the previous structure, we can conclude that maybe there will be a little retracement. Good luck , traders... !
If there is confirmations candle that breaks the trend, there are a lot of chances for price to move down !
Nice head and shoulders pattern. The price is going up !!
In this case, Fib tool can be very useful because its matching. Putting the Fib extensions tool is measuring the exact position of the next support line. This line is matching with the previous support level , so in this case even the structure is matching. There is also little retracement which is connected to the previous structure. There are a lot of signs that...
After setting the fibonacci retracement , we are expecting a retracement to the 0.236(1.74916) which is also support line for the previous structure. Also we can see a confirmation bar . When the price will the 1.74916 we are expecting the price to move down to the 1.414(1.72828) . This is confirmed by fib extension . The price will move down to the previous...
The price will move further down to the main support level...
After changing the uptrend, the price will move up after touching the support level. The price will go up to the nearest resist level. There are little chances that the price will go further to the main resist level .
The price tested the resisting level and now its ready to go down
Price will move down to the main support level