EURUSD – Follow-Up UpdateEURUSD traded above the 1.1573 level on Thursday, marking a second break to the upside following the earlier trend-changing pattern — a potential sign of bullish continuation.
However, on the 1H/M15 chart, we've observed a minor ABC corrective decline (pullback). We’re now watching for a break below 1.1511, which could signal the start of a short-term bearish move.
🎯 Short-Term Target:
The next key level is 1.1214, a weekly structural support zone and the low of the previous trend-changing pattern.
📌 Key Zones to Watch:
Bearish confirmation: Break below 1.1511
Medium-term target: 1.1214
Stay alert to price action around these levels.
Trade safe, and have a blessed weekend.
Abcpattern
USDCHF to sell soon?Using the three drives pattern, we can consider that the leg C has been reached (0.618 fib ratio of the entire pattern). This means that buyers are exhausted, reaching a great resistance zone for confluence on the D1.
Here we observe RSI bearish divergences on H4 and H1, with a double top pattern.
Wait for a big candle close below the neckline for more confirmation.
Good luck everyone,
Joe.
FB Buy Zone(s) IdentifiedPlaying around with some technical analysis tonight.. I found a found a pretty decent buy zone for FB.
In the video I explain how I identified it.. I also go into a little bit of detail about how I chose the the option contract I'd like to play.
I hope you enjoy! Sorry if it's a bit awkward, it's my first video upload.. More to come, I hope! Have a good one, everybody.
Please reach out with criticism or questions! I'm happy to engage with any trader.