TradingView
Profound_Ambition
Nov 17, 2018 9:51 PM

EURUSD H4 

FX:EURUSD240
Euro Fx/U.S. DollarFXCM

Description

⋅
Price is following a descending channel making lower lows & highs. Lower high just about complete & price is now approaching resistance level 1.14350 , where I will be watching closely to see if price will make a breakout of this level to the upside to reverse the downtrend, or respect resistance along with the channel & head back lower..

I will be back on trading view posting more often now!

Free week trial to the premium signal group send me a private message if you are interested! ( :

Comment

⋅
Daily closure above resistance
Trend AnalysisSupport and ResistanceSupply and DemandEURUSD
Comments
AleXela
⋅
Another hit of thoughts - wave 5 of 3 is on the way down soon. Then we'll have some major corrections to the upside.
Profound_Ambition
⋅
@AleXela, agree! : )
AleXela
⋅
@eazywayout, last minuette HH from now and will start sinking to wave 5, I suppose.
Thank you for your analysis, very helpful for my own one.
Profound_Ambition
⋅
@AleXela, lets see if price holds at 1.14350 as new support, if price breaks back below then it could move lower. & You're welcome! ( :
More