Will be using both Key Resistance and Support to enter the market, if price fails to enter any region and include a confident reason to enter, then we will not enter.
Price completed ABC wave. Now we're in the abcde corrective wave. Looking for price to react off descending trendline
Daily : brake of the ascending trendline 2H : brake of triangle Waiting for a correction to fiblevls/TL
Waiting for signs of Exhaustion to Fib potential Entrances to Short the EURO.
Last week finally closed out with a breakout of Price is Major Uptrend Channel. Will be waiting for an exhaustion after price plummets bearish, Fibonacci retracement and Extension will be key in this trading idea with the 38% lining up with our retest of breakout trendline and showing a major continuation in bearish trend.
Pattern: 1W Rising Wedge. Signal: Bullish as the price made a Higher Low and bounced on the 1D MA50. Target: 10.300 and 10.400 in extension (greater risk though as the 1D RSI is on a bearish divergence).
Hello Community, here is my long idea... 1. UP TREND 2. FIRST (Fib Retracement 50% - 62%) 3. SECOND (Fib Retracement 50% - 62%) 4. MY ORDER best regards
The Euro has rocketed higher during the trading session against the Norwegian krone, reaching towards the 10.20 NOK level. This is an area where we have seen selling previously, so it would not be a huge surprise to see resistance in this pair at this level again. However, if we can clear the 10.20 NOK level, the market is very likely to go towards the 10.30 NOK...
Price is forming a very nice high timeframe set up for a possible swing where price is sittin on a strong weekly ascendign TL and the last two days prioce has rejected the Mp of 2x 38% that confirms a possible sell but befoire going short i must wait and see if price can close below that TL and current daily structure or in case price close above 10.1350 we might...
For study and educational purposes of price action. Price reached an all time high in late October, and pulled back/sold to the point noted within the ascending channel. Price action study for possible continuation back towards previous recent high and possibly higher. Studying Price action at noted zones for movement towards higher highs or either exhaustion of...
The pair is trading within a 1W Rising Wedge (RSI = 59.298, MACD = 0.080, Highs/Lows = 0.0000). Yesterday not only it made contact with the Higher Low trend line, but also touched the 1D MA50 (blue line). This indicates that the price has more probabilities to rebound towards a new Higher High. Our Target Zone is 10.400 - 10.500. ** If you like our free...
Waiting for price to break both the Head and Shoulders Pattern and more Importantly the Ascending Channel, this Advanced pattern is invalid if price doesn't continue to break below this Parallel Channel. There's a chance price can Respect its channel and the market will Reverse Bullish, that is why it is so important we let price work its course and we will enter...
The EUR/NOK pair is a bit exotic, but it does give an insight as to how the Euro is doing in relative strength against crude oil. After all, the Norwegian krone is highly susceptible to pricing of crude oil, so this is an interesting and informative commodity pair. Looking at this chart, the EUR/NOK pair has tested the 10.05 level which was previous resistance,...
After the EURNOK broke the neckline of the head and shoulders It may go to 9.95 area.
EURNOK strugling near its strong support now there is a high probability to of breakout......