In daily timeframe Chart, Still Moving Below the Descending Trendline & Crucial Horizontal resistance 📉
At the moment, Bulls once again Heading towards the Key horizontal Resistance (1.1380)
If Horizontal & Trendline Resistance Respectively Got Cleared, expecting +400 pips Bullish Impulse in Coming days. 📈
Please like the idea for...
Are Elliott waves pointing to a military incident in Europe?
Gotland is a Swedish island in the middle of the Baltic Sea , commanding a key strategic position. In 1915 , the Battle of Gotland was a crucial moment in The Great War , with the navy of the German Empire being defeated by that of the Russian Empire . Assisting the Russian navy that day was a...
Hi guys! 👋🏻
🔔 Possible uptrend continuation of #EURUSD here after a retest of the dynamic resistance as support.
🔔 The pair has also made a breakout from a critical dynamic resistance and has tested it as support several times, I believe it is also a good sign of a short-term uptrend for #Euro
✊🏻 Good luck with your...
We can see EURUSD trading in a channel range on the bigger timeframe of Weekly.
Currently we see the pair ranging in a local area of 1.119 to 1.138 after dumping down.
The MACD is still strongly trending down, not yet showing clear sign of reversal in momentum.
1. SHORT TRADE :
We can look to SHORT the retest of the neckline it has broken down from, 1.15.
Just an idea and trade at your own risk.
EURUSD is still capable to reach between 1.08-1.11 before turning bullish and breaking its downtrend channel.
Also please check the previous idea on the monthly chart for a clearer view.
Euro still very weak against the USD, price tired to push a little bit to the upside but couldn't even reach the 0.5 fibo retracement (1.1715) level, I believe the selling pressure will continue to push the prices down. Recently price has created a double top at 1.19 and broke the neckline and the range of this double top pattern has a similar target with the fibo...