After stalking this pair for the past months and the movement she has made, i think she is coming together to form the last shoulder of the H&S pattern on the weekly time frame. This week itself is a very important week on depending where this pair will end up closing at the end of the week as she has already dropped onto key zones. EURUSD just crossed a MONTHLY...
EURUSD day and 4 Hour time charts are looking good for a short entry and long sometime this week. Looking to see a retracement back to the 61.8% fib region or around 1.1700s then back up to the upside along the coming weeks. 1.1700 region is a major support zone i am keeping my eye on this week. I am still sticking to my analysis I posted over a month ago as it is...
Going on the shorter timeframes of 4 hour and 1 hour, fibs has shown me that it may retest 61.8 before going back down. i have set a sell limit at 1.1603 just a few pips under 61.8 if it wicks, stop loss will be tight but reward will be long. planning on holding it for a few days unless happy with profit.
I've been doing mark ups just me and the charts on all time frames of EURUSD and I feel positive of where EURUSD will be going. With NFP coming in 2 days depending on how it goes we can possibly be seeing 1.1435 in the near future. Mark ups of fibonacci on a beautiful bullish market on the Daily time frame, I expect EURUSD to make its way from the 38.2 area back...
just to show more movement continuing with my last post on my idea