What do you think about EURUSD?
It initially exhibited a downtrend following a parralel channel, then broke out of the channel to the upside (creating an uptrend). NFP is about to be released. Do you think the indicator will strengthen the USD or weaken it?
With my technical analysis, i see it dropping to the support region drawn.
Drop your suggestions.
There is seen to be a flag pattern on the asset been considered (NZDCHF). And when a flag pattern is evident, it tends to repeat the pole it created in the supposed direction.
On a 4H timeframe down to 30 minutes, it is evident that the the asset being considered (CHFJPY) is on a bullish run. Using the support and resistance, I have been able to place so strategic entry and exit positions as seen in the graph.
#timfx #forex #bull #chfjpy
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