On the EUR/USD 4HR time frame we have a lower low lower close, since then price action rallied into resistance which was once support providing us with a double top, first test RSI was extremely overbought as I have my settings at 80/20, conventional is at 70/30. On the second test, we have bearish divergence.
We can get involved in two ways:
Open of the week offers good long trade for a double bottom pattern. March 20th is FOMC meeting, that should set the trending move. In the comments there is a daily picture to show that buying pressure still stronger and could break out on the top side again soon, as long as the yellow uptrend line holds.
In my previous analysis i showed a possible flag pattern could be formed against the resistance of the double bottom neckline. So far that is exactly what happend. On the right we can see the shape of a triangle. All triangles can breakout both ways, but since this one is an ascending which is being formed against a resistance zone , it is more likely to see it...
My previous analysis i wrote the following:
Ideally we see it drop towards the 1.122, making a higher low there and then seeing a big strong counter move straight through that resistance around 1.128. That would make it a false breakout once again, just like the ones i caught a few months ago. Those other times, we saw mostly SHORT on the EurUsd page here on TV',...
Previous analyis went quite well, showing the small drop to the entry zone prior to the big rally. Takes some profits at the highs with the plan to re enter at the yellow circle again. Now that bear flag i showed in the last update, seems to be in play. Broke the support line and now seems to be hanging below it. Making the chances high for another move down. I...
KEY has been accumulating for weeks and has attempted to break the descending triangle a few times recently, it is now at it's breaking point, it either breaks down or explodes up. Market sentiment would assume the latter, not to mention the double bottom formation
MACD crossover and rising
RSI is rising, lots of room to grow
First target 84-88 range
Looks like a solid double bottom pattern in the making. On the right we can see a triangle as well. So i am going to wait for a downwards breakout and if we see something like the blue line, i will try a long around the yellow circle, so after the breakout of that channel.
EURUSD' has been having some struggles the last few months, with getting above the 1.15. each attempt got rejected with a push to the lows again. The past few weeks, we can still see there is no strength from the bulls, but also no real strength from the bears. This, fits right into the picture of a double bottom, So ideally, we see a drop towards the 1.125ish...
So far followed the double pattern quite well and the previous analysis. Bounced very strong from the support zone. First attempt failed, dropped again and it got bought up and got pushed straight through the resistance. Of course it could simply continue to move up, but i think it might be too fast. So if this small bull flag fails, we could see a drop to that...
The previous trade i posted here on TV failed, i took on a second one a week later with my copy trading trial i did a few weeks ago which succeeded. I have been waiting since to see how thing play out. I am still looking for a mid/long term long here and now it starting to look like there is a good chance again. It looks like a legit double bottom here, but there...
I have been watching this one the past days to see if the double bottom would play out or not. Now the small inverse H&S on the left, could be the confirmation of that pattern. If that neckline breaks and we see a good rally, the chances will increase a lot. If this H&S fails, that green support could still keep it alive, but below that support, it will become...
I have been looking for the bottom on this pair since the oil rally for the potential rise back up to re-test the highs.
Although I've successfully swing traded this pair, I have been unsuccessful on finding the proper bullish view for the re-test to the highs.
- Double bottom
- Potential inverse head and shoulder on D1/H4
- Trend-reversal on...
We are still moving according to that Dec fractal, when we had a similar drop (in size). Since it is moving sideways again, i am going to zoom in with my analysis until we see a break of the 3700/3850 range. It is still most likely to see another drop before we move up again, but a good strong break of 3850 could change that. Normally the chances to move up again,...
welcome to another free signal!
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Target 1: 0.9648
Target 2: 0.9693
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