Prime_Forex_Group

Prime_Forex_Group

Downtrend and fibs

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Trendline retest

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Fibs on weekly

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Fibs and structure

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76.8 Fib Tapped

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Market structure Good fibs

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Market structure

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Price respecting the resistance area, failing to close above the 50EMA . Spinning top candles on daily signaling strong exhaustion on the eurusd . Expect a rally to the downside

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Daily- Price finding support of 0.87044 area, bullish momentum to the upside with a Higher low.Price no pulling back and hoping to form a Higher low Confluence:71 0or 78.6 Fib level as a support to form Higher low. 0.86800-0.87000 Is a area of support

Prime_Forex_Group

With the DXY showing weakness over the past week due to US FED signaling rate cuts later in 2019. Looking at EURUSD showing multiiple wick rick rejection to the upside and can expect a pullback into 61.8 area . Looking for short opportunities to downside and then long position to the upside of 1.15000 upside

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After Price broke the uptrend trendline, we had bearish momentum into the 1.69000 area of support. Looking for a pullback into the 61.8 Fibonacci area and look for sell opportunities on the lower timeframes for a continuation of the Downtrend of bearish momentum to support of 1.68000 area.

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Daily double bottom structure. Lookfing for break of the trendline then a retest of the previous lower low before longing to 125.00

Prime_Forex_Group Updated 

With Price respecting the 24733.12 Monthly support. The bulls have been in controlling and we've seen price rally up. With the break of 25400 area, we can now expect price rally up into the 26000 Region of resistance. 26000 target also being in between the 61.8 and 71 Fibonacci levels.

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With Price finding resistance at the daily level of 0.7000. We can expect a pull back into the 0.69305 region of support. A pull back will also be in the 71 Fib level. A pull back with a 3rd touch on the trendline too and a push upward to the upside and Target of 0.70400.

Prime_Forex_Group Updated 

EURGBP -IN bteween 61,8 and 50% Fib level At the resistance. Sell to 0.87000 support

03:37

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Sell