WBEclipse

WBEclipse

Looks to me for the resistance of the channel to holding well. I don't see this pair going up anytime soon, we had a little fakeout but nothing to be surprised of. The RSI indicator now at 57.79 is crossing the RSI MA based to the down. I can think then there still room for bearish sentiment for this pair.

WBEclipse

Personal point of view and idea, the price action touched the 0.786 of fibonacci and getting a reversal for short uptrend, main trend is still down will be for a few time. looking for confimation in the marked zone where I set a sell entry. Green long candle supporting my idea of bullish momentum, retest the support zone at 0.618. breaking that zone will make my...

WBEclipse

As we can notice the price action has touched the resistance level for 3 times in the previous weeks trying to breakout. To notice also the retracement from the 0.382 level of fibonacci which is a healthy sign from the pair to continue trending up. we are now in a consolidation phase looks like that is collecting strenght to pump up, I'm expecting it will continue...

WBEclipse

This post is dedicated only for swing traders, as we can see the EUR USD is still following the trend in the channel, the pair is still not giving any sign of clear direction, then is better to wait for now . I expect that it could reverse to the yellow area as we can see signs of weakness for sellers in the daily TF. At that point it will be possible to set a...

WBEclipse

we can clearly see that the red candles were weakening, I was expecting then a reversal at that point, instead the price action tested the demand zone but failed to breakout. My bias now is that it will continue trending up, following the reversal of the fibonacci retracement testing the top once again and then probably getting a reversal forming the double...

WBEclipse

I Changed my bias about UJ for the short term but overall I'm still for the long run. In daily TF the pair hasn't retest the previous Higher High, I'm now expecting it to going that level around 139.4 before going furhter up.

WBEclipse

I'm bullish on UJ, is more likely to retest the ATH in 147-148 level and then get a reversal from that point