+ First entry zone , i'm long . SL bellow the second green line !
1) On daily we have a V pattern that was broken upward , the price reached the first target (resistence 1 ) . 2) The price pauses to form another pattern wich is a pennant ! if the price succeed to break above the pennant and the 1st resistence , it's more likely to see a move to 2nd Target (resistance2) . 3) Wait for the price to break the pennant...
24/10/20 .. EURUSD .. 60 MIN CHART .. ANALYSIS : *Another channel(red) is formed inside , the price has reached its support line and reversed to go back up . Right now , we're seeing a retest of the middle line of that channel pattern . Following the blue channel , we expect a reversal to the downside !
Bearish Gartley Pattern : Precise the 61.8 B point retracement of the XA leg . Precise 78.6 D point retracement of the XA leg . 1.27 or 1.618 BC projection . Equivalent AB=CD . C point retracement can vary between 38.2 and 88.6 . Sell at D .
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Chart Tells Everything !
Hi traders , i hope you are all having a good trading week ; I'm more interesting on AUD pairs this week and the next week , here is the AUDNZD analysis . I usally don't talk too much about my Analysis to let you observe the chart and make your own decisions . Have a great week folks and good luck .