this is a Eurodollar on an H1 time frame we have reached a key level at 1.16400 at this level. we have formed a resistance for the third time, the first being on the 8th of August 2018 and the second being on the 22nd of August and lastly the third being on the 26th of August.
on the daily chart I had identified a downtrend with a head and shoulders. this week we experienced a bullish market after we had reached 50% on the Fibonacci retracement
on the 15th of August the uptrend begun with enough momentum to break 1.15400 and reach at close of market 1.16200 which is a key level
this upcoming week we could see further bullish movement towards 1.17000 region... this I mentioned on the daily chart analysis on the 20th August.
there are a number of formations on this chart.
on the 4 hour time frame a inverted head and shoulders
on the 60 minute time frame a cup formation with a triple top formation
on the 30 minute time frame consolidation and rejection on the 1.16200 region
on the daily chart I had identified a downtrend with a head and shoulders. this week we experienced a bullish market after we had reached 50% on the Fibonacci retracement
on the 15th of August the uptrend begun with enough momentum to break 1.15400 and reach at close of market 1.16200 which is a key level
this upcoming week we could see further bullish movement towards 1.17000 region... this I mentioned on the daily chart analysis on the 20th August.
there are a number of formations on this chart.
on the 4 hour time frame a inverted head and shoulders
on the 60 minute time frame a cup formation with a triple top formation
on the 30 minute time frame consolidation and rejection on the 1.16200 region