Hello traders. The uptrend line is broken. There is a positive divergence in the daily time frame. I expect it to correct its previous move after a 50% price correction. Are you agree?
There are two scenarios for the movement of the EURUSD. If closed in the 1H time frame below the price range of 1.1870 and 1.1867, it goes to have bearish and the price range is 1.1820 - 1.1810. (Yellow channel) And if it fails to break the support of 1.1870, it will continue to a bullish trend in the new channel ( blue channel )
The price is showing a strong rejection from the lower trend channel line which indicates that there is a high possibility of a strong bullish pressure ahead. If so then we expect to enter the market with a long position around 1.22266 and we will target a profit of about 114 pips while risking only 37 pips which gives us a 3R (risk to reward ratio). (Disclaimer,...
EURUSD is struggling to make new low at daily support, this could result in a midweek reversal double bottom pattern forming giving us a new intraday trend shift.
EURUSD showing a 38.2% retracement within a channel and has rejected strongly on H4 giving us a pin formation. Indicating downside potential.
EURUSD , Forecast on H1: UP -- Flag pattern forming ?!!
EURUSD H1 XABCD Pattern Long D=1.24988 This is not investment advice
EURUSD H1 Short Support: 1.129000 -1.127500 This is not investment advice
EURUSD H1 Long Resistance: 1.138000 -1.139000 This is not investment advice
Hi traders! I managed to enter this trade as my entry level is always 2 pips before the FIB level. Mange to hit target 1 so far now just waiting to hit target 2. Hope you guys did not miss out on this one! Good Trading ;)