Razvan

EURUSD - Multiple Channel lines

FX:EURUSD   Euro / U.S. Dollar
867 4 0
The EURUSD             looks like it respects his patterns. We can see that on the uptrend he has respected very well the trend line , but it has 3 rejection lines depending on the speed of the trend. The trend line has rejected the price 4 times until now, and it is in place since July last year, meaning it is important. The price has remained a good period of time under the first rejection line. From this view it is quite possible that the down move is not yet finished and could go back down to the trend line at some point (maybe after retesting the 1st rejection line). After that it should be quite easy to follow the signals.
- if the optimism will remain at a higher level, maybe we will have another impulse for this current trend;
- if the trend line will be broken, then the price might fall back to 1.3000.
We should not forget the RSI (28) that seems to consolidate in an ascending triangle .
It worked like a charm, the trend line was broken, and now 1.3 almost hit.
Reply
whooaaa...it broke the trend line, it is pretty hard to get back in the trend at this point
Reply
I follow this chart as is, and it works like hero, the price is running to touch the lines you made, it's attracting the price like magnet. Thank's a million Razvan
Reply
Razvan dedenfd
It looks pretty nice now, let's see what the next signals will be. Rejection, or breakthrough :), glad you like it
Reply
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
ประเทศไทย
Việt Nam
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out