LADEEc57

LADEEc57

FX:EURUSD : Price action in 2 hr time interval has breached first resistance trend line of 1.1210 and is within sight of 2nd resistance line of 1.1292. There are 2 converging trend lines : downward sloping & upward sloping forming a wedge formation. A converging trend line formation is a setup of either a strong directional move upward or downward. As such, price...

LADEEc57 Updated 

FX:EURUSD Price action in 30 minute time frame recovering along upward sloping trend line. Resistance level at 1.1210. Support level at 1.1165. Sunday's forecast session is a continuation recovery price action movement & retest of resistance level barrier with a possible spike up to 1.1247.

LADEEc57

FX:EURUSD Price action in 15 min time frame pulling back after failing to hold above resistance trendline at 1.1210. Support seen at 1.1180. Stop hunting algorithms in full force.

LADEEc57

FX:EURUSD : Price action in 15 minute time frame continues to follow the upward sloping trend line. Looking for a breakout above the next resistance line of 1.1210. Support line is 1.1180.

LADEEc57

EURUSD retracing towards support levels after today's spike action reaching 1.1290 target. Retracement is normal as algorithms take out long stops at lower levels. When enough orders have been taken out, expect a price action rebound towards the upward sloping trendline & retest of 1.1290 barrier.

LADEEc57

Upward sloping trendline closing in on first resistance level to form a flat top bottom slants up ascending wedge formation. This is supported by an earlier upside down head n shoulder formation. A price action breach above the resistance level may set in motion an accelerated upward movement towards the 1.1285 barrier.

LADEEc57

Price action steadying along upward sloping trend line after breaching previous downward trend.

LADEEc57

30 min time frame price action in sideways coiling pattern after breaching downward sloping trendline. Possible upside reversal setup as price action respecting new upward trendline.

LADEEc57

30 minute price action EURUSD steadying along downward sloping trendline.