Major resistance level; Just wait for confirmation
Double top and trend break out, what do you see?
Waiting for a daily break out and will be going long on this trade for the 50 or 6.18 retracement area. I will update you as the market keeps moving
Consolidation Range break out(Multiple tops), will be trading the retest and will hold this long term If US index breaks outs of weekly trend, Add more positions to the trade...will update you as the time goes on. Interest rate decision remained the same, this had the EUR Bullish Rally coming to an end, and a trend discontinuation. We may see a 61.8 or 50...
Technical analysis, bat formation The market is also being supported by a daily support @1.21700. Although the market as broken the bullish trend we see a possible retest before continue downwards. ECB rate statement being released tomorrow so the market may be quit until then
US dollar strength index recent bullish trend over the past few days going into a daily resistance, we might see retest after breaking out the consolidation that been happen over the past few weeks. On the other hand ,price may be rejected by weekly bearish trend. Tp1 @90.5 Tp2:@90.59.
We will be going short, Chart rejected the 61.8 retracement line,We have a bat formation possibly forming. trade target 1.234. Use a 30 pip trailing sl.