Long Scenario: if resistance 1.31000 is broken, enter at 1.31100, stop loss 1.29900, long target 1.33600. R/R=2.08. Short Scenario: if support 1.28700 is broken, enter at 1.28600, stop loss 1.29700, short target 1.22000. R/R=6.0
Just make this chart your own and find the currency strenght of all the 8 pairs..
The bears are showing weakness because their resistance trend line is being broken. Wait for retesting of 1.08200. This bullish support line have been confirmed to reverse the price 3 times. Long when price is reversed at 1.08200, and get confrimation when the recent bearish resistance trend line is broken. Also keep in mind that ROC have found support and are...
Greetings, Please see attached point and figure chart with a simple, solid and true view of the price action. Do not hesitate to leave a comment. I always appreciate feedback. Would be nice to hear if you agree with my idea. Also, i dont see many point and figure chart laying around here on this site, so i though it would be a good thing to remind you how...
See the lines and price! Since the price is below the bearish price line,we create bearish resistance based on sell signal and 3,4,5 + bottoms created.
This is a clean point and figure analysys based on the price itself. The price is creating trends and support/resistance line. Observe the price and how it reacts to the lines to get a buy/sell signal.
Hi Please see attached chart for look out for the beginning of next week.
Hi If DXY breaks 97,14, next target is 97.74, and EURUSD will go down. If DXY breaks 96,78, next target is 96,18, and EURUSD will go up. Hope this help you deceide direction for EURUSD next week.
Over 10 years EURUSD have been travelling from 1.16400 to 1.60050! The support and accumulation at 1.16400 is broken, and new distance might be 0,84390 in the active major down trend. EURUSD will have some retracement within the down trend, and try to reach new target 0.84390.
The recent short term up trend is still valid, but looking back at price actions, it may be considered as a retracement before a new down trend continues down to 1.06640.