After the strong uptrend should be a small pullback. Now the trend stays between two Fibonacci retracement levels. As I suppose, trend will touch the 38% Fibonacci level, which is ~1.3945 and then continue it's long uptrend. I'd better not suggest entering short sell, however it might be an easy win. I'd better wait fot retracement and enter long.
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At the bottom of the channel , we have an hourly descending flag. Price bounced off key support region. Possible movement to the upside of the channel. This analysis is strictly technical. Based off simple chart patterns and confluent zones of support and resistance. Thus, consider looking for long opportunities on smaller timeframes.
Eure/USD is finishing ABC correction wave and it's time to move up, it must reach 1.14450 before it decide to go up or down again.
EUR/USD is close to a TOP ; Short is the ONLY option - 1.16 seems like the most logical place for resistance ;;
The breakout of the saturated range structure last week has so far failed to find follow through. My bullish bias and long exposure remain undeterred nonetheless, as the trade ticks enough boxes to remain committed to the long-bias. On the daily chart, we can clearly observe that the bullish resolution comes in line with the divergence in the German vs US bond...
The USD/JPY currency pair price is creating a symmetrical triangle pattern on the daily timeframe going down even to the lower timeframe. The price has already exploded down after bouncing off the descending trendline forming the triangle, however, it seems as if some buyers are trying too hard to maintain higher prices. There is also an ascending wedge /channel...
Just an idea but looks like a good channel ready to break out, although their is always a small chance it could continue down.
It looks like the EUR/USD has broken a smaller head and shoulders topping pattern that began in August of 2018. This smaller head and shoulders top appears to be a failed rally attempt from a prior and much larger head and shoulders pattern that started all the way back in July of 2017. In the short run, this break seems to project a decent chance of dropping to...
Major MA 150 support coming to life again... middle down trend is broken (20 broken,50 broken) 2 optioins to go long here.... retest of smaller ressistance/support or retest 150 MA ressistance as new support...
Maybe Head&shoulder @EUR/USD @weekly. TP@1.05596 Sl@ up to 1.182288
We are expecting a climb Resistance Levels: Weak yellow Strong red Levels of support: Poor green Strong blue
Looking at the chart after a week with a lot of movement to the up and downside as well , from the Technical Analysis I did , I can see that EUR/USD is going to retest the new trendline and support at 1.16150 and if the 4HR and 1D candles don't close below this support level it will , turn to the upside and potentially test the 1.17100 or 1.17250 region