Price broke the trend line last week and try to retest the region. For me I will look for a short signal, if the price break my counter trendline I will consider probably as a short signal.
We are currently at a critical point. Price is at the junction of the Counter trendline and the trendline. Am going the wait for a breakout whoever my frist bias is to the up side.
Today price broke my daily resistance and then retest it. Am currently looking for a long trade... but I think that price may go lower on my weakly support before going higher!
Price is now on a daily resistance and bellow my 34 MA. If price break my trend line I will go long on this pair.
I will look for a little pull back before the break of my trend line.
We saw a break, last week, of a major descending trend line. I think we could see a bounce on it before going higher.
It not a short signal for now but my bias for the rest of the week is to try to short USDCAD, If price close below my 10 EM I will consider as a short signal.
Counter trend line confirm(red line); break of andrews pitchfork ; price cross my ema = momentum is changing; wait for a break out and go short PLUS we are at the mediane line of a major pitchfork
retest of the previous counter trendline (blue line) ; new counter trend line (red) because the previous break out of the counter trend line (the blue one) was a fake out ; we can see also that the macd show us a divergence ; for me we could see a bullish friday or the next week for this pair
If price break above my ema I will consider as a buy signal for a short term trade due of the indecision of this pair. In my perspective i think EURUSD can have a change in momentum in longer term to the up side... however I will take a long position only for a short time due to the new bearish momentum
Momentum shift after price touch a daily support (blue line) and then price close below my ema
Price break the counter trend line then retest it (total of 3 touch = trend line confirm)