Exit from the consolidation zone confirms the idea of long position on this instrument. On the lower TFs it is possible to observe consolidation behind the level and expect buying.
According to the past analysis in my profile, you can see that we have exited the consolidation zone but have not yet reached our bearish trend target. Sell at the market.
Price movement inside the large consolidation channel continues. The support level has received a test and retest. Buy on the market
Overall Context: Current trend: The H4 chart of EUR/USD is still in an overall bearish trend. This indicates that price has been leaning more to the downside than to the upside recently. Key Levels: A resistance level that coincides with the resistance trend line, making this level significant for short-term traders. Targets for short positions: This is based on...
Recommendations Entry Point Analysis: The planned entry point at 970.90 USD is below the current price, which could be a good entry opportunity if the price continues to decline. Check the charts and confirmations to see if the trend continues. Set stop loss: The stop loss at 990.20 USD is reasonable and allows you to limit your losses if the price goes against...
After leaving the consolidation zone, we are waiting for the confirmation of selling on the market.
We see the price entering the consolidation zone. Test and retest of the resistance level. I expect a strong fall. On lower TFs we can also work out a buy to a strong level. But for the medium-term trend I see a short.
We expect the price to exit after consolidation. Entry after short confirmation.
Since the last analysis, we have a buy order working. We can hold it further. However, in case of a price pullback, we can consider a sell order after confirmation.
We still expect the price to rise according to technical and fundamental analytics. I would wait for a clear breakdown of the level and consolidation.
In this situation we are in a sidewall. And we have only an opportunity to wait for price confirmation when we exit the sidewall. So we wait for confirmation of short or long and enter the market. You can work on pending orders.
According to the previous analysis, we can take positions in Long on this instrument up to the take profit zone, and then watch for the formation of a new wave.
On this analytical chart we can observe the workout according to the elliot wave theory. There is the third touch of the zone for long-short movement
As expected, there was a price consolidation behind the level. Now we have confirmation and we can safely buy. Tomorrow we will update the analysis.
According to analytics we expect active growth of this instrument. It is possible to enter on the market or to wait for consolidation behind the level and work on lower TFs
The price has passed the support level. We can wait for a return to the level and enter on the lower TF. Or open on the market.
Prices went beyond the level and consolidated on the lower TFs. We confirm the consolidation and enter long.
After leaving the consolidation zone we go down. We wait for consolidation behind the level and sell.