YanChaykovskyy

EURUSD TRADE analize W1, D1, H1

OANDA:EURUSD   Euro / U.S. Dollar

EURUSD give us contradictory signals and many future possibilities. Let see the charts.
W1
EURUSD create clear H&S pattern at 2018. During November and December 2018, the price made three attempt to break out Neckline, but unsuccessfully. At the beginning of 2019, price fall down to neckline, but did not find enough seller to break it. As the result price go hire, break out January 2018 trendline and achieved 1,157, hires price from October 2018. However, middle January break out did not find enough buyer, which believed in new trend. Last two weeks have the lowest Volume since December 2017. That mean that the big money is not ready for new falls as well as new price records. Moreover, the price fall to 11350 and return to trendline but did not reach neckline. In addition, RSI on W1 show bulls divergence.
Conclusion in brief.
A) The price after breakout of bearish trend return to trendline,
B) Neckline was not breakout
C) There is no enough seller right now, which can move price.
Main trend on W1 is look bullish but we have not enough confirmation to open Long position:
The first reason – there is no any bullish or reversal price action pattern on any chart (From W1 to H1). Second – RSI index show Low top and create triangle.
The third – Interesting situation with dollar index. Index create N&S pattern but the right shoulder probably go 50 – 100 pips up.

D1
Situation is similar On D1. We have no confirmation for Long position, bur the price mostly reach very strong support zone (11300 – 11260) and possible create double bottom pattern.
Possible fast move to 11260 and go up H1
On H1 appears first reversal VSA signal. During last price move somebody actively buy when the price go down. It is not enough to enter, but signal for closed analyse.
Conclusion
Possible during several day big money will create quick but not big move, which make trade very risky to consolidate long position for good price for them, and then good move up.
Thanks for comments and discusion.

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