FX:EURUSD   Euro / U.S. Dollar
50 0 1
Just like what we had predicted 20 days ago, price indeed move down to touch the trend line . The bottom of the channel is confluence to a previously resistance area , now support zone most importantly it is at 50% retracement level.
RSI is near over sold zone indicating a buying signal!
So there is a buying opportunity soon with high probability of moving up in the channel, if the price stands firm on the trend line without tempting to break, wait for a reversal candle with strong bullish confirmation candle or multi reversal candle pattern to confirm before entering.
Price is projected to move up as same as the previous impulse move, near 127%.

Related Ideas

EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
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