EURUSD
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β³4 Hour chart
π² Possible entry analysis
β³οΈ Possible bull/bear target
πEducational
βββββ-βοΈββββββ-
Detailed analysis π¬
1οΈβ£ XABCD cypher pattern
2οΈβ£ Firm break of 1.18000 key kevel
3οΈβ£ Risk on mode and broad weakness of USD
4οΈβ£ 1.19000 immediate resistance
5οΈβ£ Price came within the rising channel
6οΈβ£ False bearish breakout
7οΈβ£ Technical support - Bull
8οΈβ£ Price is around POC-VOLUME-High volume area
9οΈβ£ September high-Immediate resistance
π Weak DXY- Upward pressure- 1.20000 level eyed
#οΈβ£ Overall bullish trend
βββββ-βοΈββββββ-
π Technical bias-H4-Bearish
Price Above 50,100,200 Exponential moving average
100,200 acting as immediate support, Possible entry point-1.17900
Relative strength index - Reached 70- overbought condition short term fall back expected
MACD -Turned green and well above signal line, oscillators pointing upward
Stochastic - Reached 75- overbought condition short term fall back expected
Ichimoku cloud -cloud is turned green-Price is above the cloud
Bollinger band- Price breakout of the band strong bullish momentum
βββββ-β³οΈββββββ-
Key reversal area's
1.18000 Key psychological level
1.18850 October month high
1.16085 September low
1.15000 Key psychological level
1.19000 immediate resistance
1.17900 Possible entry- Bull
βββββ-β³οΈββββββ-
Bullish entry #EURUSD
Entry price - 1.17900
Take profit 01 - 1.18700 (80 pips)
Take profit 02 - 1.19200(130 pips)
Take profit 03 - 1.20000 (210 pips)
π« Stop lose 1.17400 (50 pips)
β¬οΈ 1.8% Growth expected
β€΄οΈ Account growth 0.41 : 1.8
β Risk reward ratio 1 : 4.39
βββββ-βοΈββββββ-
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*********
β³4 Hour chart
π² Possible entry analysis
β³οΈ Possible bull/bear target
πEducational
βββββ-βοΈββββββ-
Detailed analysis π¬
1οΈβ£ XABCD cypher pattern
2οΈβ£ Firm break of 1.18000 key kevel
3οΈβ£ Risk on mode and broad weakness of USD
4οΈβ£ 1.19000 immediate resistance
5οΈβ£ Price came within the rising channel
6οΈβ£ False bearish breakout
7οΈβ£ Technical support - Bull
8οΈβ£ Price is around POC-VOLUME-High volume area
9οΈβ£ September high-Immediate resistance
π Weak DXY- Upward pressure- 1.20000 level eyed
#οΈβ£ Overall bullish trend
βββββ-βοΈββββββ-
π Technical bias-H4-Bearish
Price Above 50,100,200 Exponential moving average
100,200 acting as immediate support, Possible entry point-1.17900
Relative strength index - Reached 70- overbought condition short term fall back expected
MACD -Turned green and well above signal line, oscillators pointing upward
Stochastic - Reached 75- overbought condition short term fall back expected
Ichimoku cloud -cloud is turned green-Price is above the cloud
Bollinger band- Price breakout of the band strong bullish momentum
βββββ-β³οΈββββββ-
Key reversal area's
1.18000 Key psychological level
1.18850 October month high
1.16085 September low
1.15000 Key psychological level
1.19000 immediate resistance
1.17900 Possible entry- Bull
βββββ-β³οΈββββββ-
Bullish entry #EURUSD
Entry price - 1.17900
Take profit 01 - 1.18700 (80 pips)
Take profit 02 - 1.19200(130 pips)
Take profit 03 - 1.20000 (210 pips)
π« Stop lose 1.17400 (50 pips)
β¬οΈ 1.8% Growth expected
β€΄οΈ Account growth 0.41 : 1.8
β Risk reward ratio 1 : 4.39
βββββ-βοΈββββββ-
Push the like button , And cheer up if you found useful