Every attempt down from current range leads to a strong bounce up same can be said about support however support still manages to get down to new highs while as resistance has only managed to pull prices up to new higher lows. Prices are reaching the bottom of a bull trend line on a bull channel leading me to be bullish overall. in the 12 hour time frame prices...
After hitting the low for the day prices bounced up in a parabolic wedge formation 3 sudden pushes up. and has stopped on the resistance level right below a possible neckline of the a head and shoulders top. Market seems to be in a Trading Range and has formed a double top with yesterdays high and a micro double top. Expect to go down perhaps till the open of...
Prices finding support at 50% level of the bull breakout from the Asian session of last Friday and around the open of last week around the bottom of a trend lines in small bull channels and around the middle of the bigger channel. Looking to take profit at the top of the trading range. After a bear breakout (5 consecutive bear bars) prices are forming what seems...
FX:EURUSD
Weekly time frame is showing a gap between this week and last week. After a very bullish price action, prices are starting to range in between the close and the high of last week. Considering that today is the last day of the week. Prices are more toward to ranging. If prices manage to close the gap then that will confirm that the unsustainable bullish...
FX:EURUSD
Prices forming expanding triangle, possible support level near the neckline of a previous head and shoulders pattern.
Could form the right shoulder of a bigger head and shoulders pattern.
However prices are in a strong breakout down must manage trade carefully.
FX:EURUSD
Already entered the trade.
Above ATR and prices were more favoring to a bullish price action, however the big bull trend bar late in the Asian session suggest a climatic move up.
After a climatic move up prices should fall back to test support of the trend line of the broad bull channel. If price should fill the unsustainable move up and pullback at...
FX:EURUSD
If prices manages to breakout of the major support level. Possible test back to support level near 1.206~
If prices do not manage to break out of trading range then triple bottom and a possible long back up to resistance,
FX:EURUSD
Below ATR
however
2nd bounce of support level making so Double Top.
Part of a 3rd leg in a Higher Low Triple Top.
If bounce here is unsuccessful then perhaps might bounce back from a lower support area.
Prices have ranged over in this area. in the past so chances of price ranging is more likely.
Above ATR stop and above almost all the EMA.
After being Bearish for a while EURUSD showed quite a lot of bullish momentum for the past few days.
Ranged into the start of session however very week selling pressure.
After Approx. 2 legs down, Bear flag in a forming bear trend. once price breaks above the 20-50 EMA and probably test of prior resistance.
If current...
