- Price was moving in an ascending channel. - Downward trendline broken confirms the continuation of a bearish trend.
- Making higher highs and higher lows. - Price is moving in a range, getting closer to the top trendline, and trying to poke the resistance zone.
- Rising wedge has formed. - Price is moving within the wedge trendlines. - Break on either side of the wedge will define the next trend.
- Cup has been identified, which shows a bullish pattern. - Price can retrace back to 0.38% Fib zone and continue its bullish trend.
- Ascending parallel channel broken - Double topped on top line of Ascending triangle.
- Price came back into the accumulation zone after a retracement. - It might come back again to test 38 % zone. Before making a further move up.
- Price is moving in a range. - Head & shoulder identified. Entry @ 1.3389 SL @ 1.3450 TP @ I will go with the target price.
- Made new higher high. - Got pushed back from resistance. - Retraced back to 0.23% Fib zone, and tested that zone successfully. - Next Support zone is also 0.38% on Fibs retracement. - Broke top trend line of the wedge.
My Rational:- - It made a double top. Pair will take some time to cool off. - A little retracement and there can be a bullish continuation.
- EUR/USD likes to move in a channel. - It followed a beautiful downtrend pattern in a channel. - And continuing the same pattern with bullish continuation.
- Ascending Triangle formed. - Price action is moving in a channel.
Monthly Seasonal - Jan & Feb were always inversely proportional to each other except one time. - So far we have got green Jan let's wait & watch what Feb will bring us.
- Ascending triangle formed and waiting for confirmation to take a long trade.
- Bullish divergence formed on Klinger Oscillator. We have to watch if the trendline breaks upwards.
- Formed cup & waiting to establish a handle. - Falling wedge established
- Tested its support and held that zone. - Trend changed to bullish
- Falling wedge formed - Cup has been formed waiting for handle and trend continuation. - Major resistance has reached
- Broke upper trendline of channel. - Bullish continuation. - Volume is decreasing significantly.