FX:EURUSD   Euro / U.S. Dollar
75 6 10
RSI slowing down. Divergence forming. Maybe a return to 1,058
Comment: First target hit, even if it goes lower I see already a bullish potential pattern forming. Not sure but...
Trade closed: target reached: Second target hit, now it should break down ... or maybe break the resistance which is not impossible. Let's see
Trade closed: target reached: 3rd target hit. It broke down and broke the resistance.
looks may hit again new high point before that
Manu76 zamin.huseynov
@zamin.huseynov, yes it's risky, it may pike higher but divergence is building fast and it suggest a retracement before going higher. There's to much stress with coming news for euro this week. Brexit the 4th, Trump news coming, Austria elections. All this is against the euro. Also it's a bit hard to see on 1H but the market started to make a bearish pennant on the Daily >>> The black trend line's on my chart.
Manu76 Manu76
Manu76 Manu76
@Manu76, the thing on this chart is that it may break this big black line up there. Then I suppose that the market will be bullish. If not broken, this could mean a complete rejection of this bearish kumo. When I see 2 tops followed by a lower high and a rejection of a big kumo cloud and a bearish pennant forming on the 4H and Daily + bad news, I expect to see a new lower low (= bearish) or a double bottom (= probably bullish). I'am hoping for the double bottom. If bullish double bottom is confirmed I'll look for a fibo 618 trade or higher.
Manu76 Manu76
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