freedomtrading771

freedomtrading771

I’m analyzing a potential breakout in EUR/USD on the 30-minute chart. The pair is forming a symmetrical triangle pattern, suggesting a phase of consolidation after the sharp downward move earlier. Based on the trendlines: The red horizontal line indicates resistance near 1.0250. The green ascending line represents rising support, forming the lower bound of the...

freedomtrading771

OANDA:EURUSD It looks like a bear flag on the higher time frames. I think we are going to break down and short to around 1.07310

freedomtrading771

If the 4 Hour price closes above that line it will be a possible long opportunity. It looks like an Ascending Triangle pattern. The pattern is also on the smaller time frames like the 1H & 30min.

freedomtrading771

I believe that if the price breaks the zone going down and DXY gets some good unemployment news, it will send EU breaking down. If DXY gets bad unemployment news EU should do a bounce off of that zone and I would wait for the 15 min or 30 min confirming candle and take a long.