The price action on the EUR/USD this week suggests a possible wave 2 "Triangle". Although more common in the wave 4 position they can form in wave 2 as well. It usually means the price is coiled up quite a bit and thrusts out quite strongly. The break of 1.1050 will be telling. If this does hold true then the chances are wave 4 will be a ZigZag ABC. Time will tell.
It has been in range for a month, and today may be the answer.. We have EURO rate decision coming up.. I am Slightly Bullish on the pair as long as 1.0795x level holds. SonicDeejay sub.sonicrsystem.com
We've been bullish for some days now on the pair, check-out our previous analysis. We think the pair should not close below the extension of H4 SSB @ 1.09311. Stop should be placed at this level. The upside is seen on extensions of H4 SSB @ 1.09821, 1.10054, 1.10563. Check out all our setups on www.ichimokuforex.com Thanks to like and comment if you think...
Trendline has been broken to the upside last Friday. Check out our full analysis at www.ichimokuforex.com
Euro is expected to visit the lower trend of the downward channel
EUR/USD should hold above its daily KS @ 1.08854. Stop below 1.08800
Check out our latest analysis on www.ichimokuforex.com
Following our yesterday's bullish setup, EUR/USD is currently consolidating waiting for this afternoon's NFP. On H4, you can see on the left how the Lagging Span tried to cross its TS but was rejected. Prices tried also to cross the thin TWIST but were rejected as well. Also, TS acted as a nice support since prices touched it and immediately rebounded. The...
A potential technical entry point.
We posted this morning a setup: It seems to confirm. Nevertheless, check the conditions at www.ichimokuforex.com
Daily Tenkan Sen 1.08525 must hold in order to confirm a bullish move Check out our full analysis in a couple of hours !
For today R4 - 1.0992 R3 - 1.0956 R2 - 1.0944 R1 - 1.0839 SPOT 1.0822 S1 - 1.0781 S2 - 1.0763 S3 - 1.0689 S4 - 1.0638 LONG AT 1.0750 FOR 1.0950; STOP AT 1.0638 How to trade support & resistance levels
Range seems to be getting tight , still well inside the wedge but it's closing , going to trade short from here . Also a pivot line that might limit upside If it breaks up then i'll do a switcharoo
Must see good breakout with large body candle to confirm the validity of the pattern.