PAGuy
Long

Nearing Monthly Resistance, but could break with the USD...

FX:EURUSD   Euro Fx/U.S. Dollar
51 2 0
Inside bar / 2 bar reversal

On the break of the mother candle, this has a good
chance of going up to at least the 1.6 fib level.

Looking at the daily, it has rejected shoulder line support,
and broke out of a channel, which I also think could be a bull flag
with a 700 pip TP.

It is near some strong monthly resistance, which also looks
like a triangle. Could breakout, waiting to see PA in that area.
1stalgorthm
2 years ago
Stoch hasn't reached the over bought area.
Reply
PAGuy 1stalgorthm
2 years ago
I don't use indicators apart from a few MA's, but thats a good sign then..
Reply
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