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TradingShot
Jun 15, 2021 1:47 PM

EURUSD hit the 1D MA50Ā Long

FX_IDC:EURUSD1D
EURO / U.S. DOLLARICE

Description

ā‹…
Pattern: Inverse Head and Shoulders on 1D.

Signal: Buy as the price is in the process of completing the Right Shoulder while it hit the 1D MA50.

Target: 1.23500 (the 6 month Resistance).



Most recent EURUSD signal:






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Trend AnalysisHarmonic PatternsChart PatternsEURUSDsignalsForexeurusdsignalsforexsignalsEURUSD
Comments
GHysan
ā‹…
I've been meaning to comment on this but been so damn busy. Breaking the lower trend line of the equidistant channel and dropping below the 200 MA and with no bullish divergence on any time scale above the hourly it looks like the only support is the 786 at 1.18238. Was a wonderful bullish 5-0 until we passed the 50% retrace.

Love your work. Keep it up!
GHysan
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@GHysan,
lu1977hk
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@GHysan, Great Chart. Are we done with selling? What do you forecast on a longer period?
GHysan
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@lu1977hk, Seems like a dead cat bounce. I'm holding my short and plan to reverse at about 1.18266. The golden retrace and the only half way decent support seams to be at 1.18238
yoo_ad_51
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Hello. Please share Eurusd's new analysis
financialflagship
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Great job, Iā€™m looking forward to it. Keep it up. šŸ˜Š
TradingLamp
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Nice chart!
UnknownUnicorn23694386
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I feel bearish on the euro but who knows it could be supported. Its not really done anything this year.
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