EG analysis
*formation of symmetrical triangle with a bearish bias
*price found resistance at the July 2023 high at the Orderblock (0.87026 - 0.86876)
*candlesticks indicating bearish momentum since 11/8/23
*on 15/8/23 price broke the bullish trend line from 12/7/23
NB/ price is currently in oversold territory (I.e., 30 on the RSI). Wait for correction and retest of the 12/7/23 trendline
EURX analysis
*on 15/8/23 MA’s (200 & 50) formed the “Golden Cross” I.e., bullish signal
*on 15/8/23 price formed a Fair Value Gap (FVG) to the upside, highlighting increased bullish pressure and momentum
*since 11/8/23 price I has been ranging between resistance at 1046.9 and support at 1042.9
*candlesticks indicating bullish momentum since 28/7/23 with the formation of higher highs & lows
*formation of symmetrical triangle with a bearish bias
*price found resistance at the July 2023 high at the Orderblock (0.87026 - 0.86876)
*candlesticks indicating bearish momentum since 11/8/23
*on 15/8/23 price broke the bullish trend line from 12/7/23
NB/ price is currently in oversold territory (I.e., 30 on the RSI). Wait for correction and retest of the 12/7/23 trendline
EURX analysis
*on 15/8/23 MA’s (200 & 50) formed the “Golden Cross” I.e., bullish signal
*on 15/8/23 price formed a Fair Value Gap (FVG) to the upside, highlighting increased bullish pressure and momentum
*since 11/8/23 price I has been ranging between resistance at 1046.9 and support at 1042.9
*candlesticks indicating bullish momentum since 28/7/23 with the formation of higher highs & lows
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.