The Entry Price is higher than the Market Opening Price.(✔️)
M15 imbalance on the potential of the H1 range. (✔️)
Below the level of the First Seller of stock options. (⚠️)
ps since the price is in search of a new range, we can try to sell from this reversal structure in order to pick up the corrective movement. But perhaps there will be a change of trend...
Euro followed perfectly is downtrend from 2008.
Rejections on Red Circles :
- ATH 1.60$ (2008)
- Rejection Fibo 78.6 at 1.50$ (2008)
- Rejection Fibo 61.8 at 1.40$ (2018)
- Rejection Fibo 38.2 at 1.25$ (2018)
- Rejection on Trend at 1.20$ (2020)
The demand is is growing around 1.14$.
if this correction is correct the next Leg after a breakout will push...
In this analysis, Euro is continue with its trend and then, we need a entry in the confirmation of this bullish rising wedge, also it's similar of Bitcoin that Bitcoin too is into this rising wedge, it's a bullish signal that US Dollar is weakness again.
But well, I hope 2 or 3 hours more to take a true confirmation to entry in long in Euro!!!
The pair has been moving on the Fibonacci channels that it has created for a long time, and has touched a Fibonacci 0 channel again from last May.
From here on, we can obviously expect an uptrend. However, it must first break the falling trend line. If prices break this trend, we can see 1.24 first and then 1.36 levels.
However, if the falling trend line is not...
EurUsd seen on the lowest low on all time-frames, However I've checked reversals and have also been seen on most time-frames for an uptrend reversal. So wait for more reversal(candle, patterns)for a bullish trend Then buy!..Please if you love my ideas support me with a LIKE, FOLLOW and also share your ideas on this particular pair too. Also always apply proper...
After successful BAT A very big bullish Shark pattern:
Hi folks, hope you are doing good. In my previous article on September 2019 I predicted that soon the balance between Euro and US dollar in the Forex market will be changed. As euro had formed a complete bullish Shark pattern against the US dollar pair.
Before this Shark pattern we can also examine that from...
By continuing the analysis of EUR-USD, wave B was completed with a retracement of 61.8% of wave A and now is forming wave C. If this wave is the last of the correction phase ABCXABC, will depend on how many sub-waves it will be composed (three the correction will continue, five the correction will be completed).
Possible target of wave C:
1.2240 wave C = 0.618...
Eur-Usd has failed its return above 1.24 after the rates decision of yesterday by the FOMC, and in doing so, it didn't break the trendline resistance. Now is likely a decline of the currency pair as far as 1.2050 area (about on the support trendline), and, in case of the breakout, in 1.1900 area.
