Possible retrace to top of the channel here... might be looking at a structure flip as well
EUR/USD is in a HTF downtrend. We had a massive sell off from 1.16850 with lows being reached of 1.15135. Drawing my Fib Retracement i am currently looking for a sell entry @ 1.16245- 1.16250 which aligns with the 0.618 fib. This area is also a massive rejection zone on multiple HTF's making it an area of interest for me. Price may drop before reaching this area...
Pretty simple chartwork Price is over bearing Price is respecting the descending trendline Had a 4h rejection @ 0.70900 Target 1: 0.70000 Target 2: 0.69400 These are previous daily levels price may visit before any big moves :) Have a good trading week!!!
Pretty simple chartwork Price is over bearing Price is respecting the descending trendline Had a 4h rejection @ 0.70900 Target 1: 0.70000 Target 2: 0.69400 These are previous daily levels price may visit before any big moves :) Have a good trading week!!!
Simple chartwork, looking for 0.70000 to be met then possibly 0.69400. Have a good weekend :)
EURGBP has bounced from previous low and is starting its uptrend, possible re-trace back inro the lower zone and then a possible continuation