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EURUSD, Double bottom forming on H4
- Test support weekly
- Reversal candle: Up
- Double bottom: Bottom forming?!
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Try to reenter $EURUSD longs if you got out, ideally on dips. Stops can be set at 1.1432, and we can at least aim for a retest of resistance above. This may evolve into a larger weekly uptrend over time too, the outcome of which I guessed by including the copied bar pattern in white on chart.
Best of luck,
Wait for the price to form a continuation pattern on a lower time frame and watch strong price action for buy.
Don’t take a trade if you don’t see clearly when big guys are in.
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we had double bottom with bullish candle on friday.
now we're looking for small pullback before long to 1.1600 region
the inverse H & S on H1 should hold 1.148 area on retrace and make a new Higher High
The market will of course continue to be very choppy and nervous, but longer-term traders may be looking at this as an excellent buying opportunity as the 50% Fibonacci retracement has offered support. At this point, I think it comes down to whether or not you feel that the European experiment will continue, because quite frankly the currency is an extremely low ...
EURUSD touched trendline.
AB=CD pattern forming.
Target 1: 1.16
Target 2: 1.172
Technical Analysis and Outlook
The Euro Dollar finished higher on Friday session as it consolidates much of the declines in between Mean Resistance 1.1606 and Key Support 1.1344 threshold. The latest move establishes the signaling from slightly bullish to a bearish sentiment which is likely to occur in near term, while the 'VERY MAJOR' Yearly Low and significant ...
As you see, the bearish pattern got formed at 23.6 weekly Fibonacci resistance and 50 EMA, 200 EMA are also above the pattern. On Hotforex charts this weekly pattern looks slightly different but nevertheless NCH identified it as Bear Sash. If you you look at FXCM chart it is a fine Bearish engulfing, very reliable pattern. And on monthly price stalled at lower ...
Event 1 :
If the resistance of 1.1580 - 1.1600 is exceeded,
the target price may be 1.1750
Event 2 :
EURUSD try 1.435 value (double bottom)
If the 1.1435 support is crash, the target price can be 1.1270
Could be a possible long setup coming.
Move the trend up and then down
See previous analysis
WAITING FOR NEW TREND OR OLD TREND CONTINUATION
upside potential exists. short stop zone below double bottom. See my monthly chart for longer term trade analysis
EURO Make consolidation box on weekly Level .
This is MY idea that EURO can Push higher next week and MADE a new Higher high,When break the box .
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Inverted Head and Shoulders bottoming pattern is appearing. All squatches are masters of hiding and often these sightings are hoaxes. If this sighting is true we are catching the inverted right shoulder at a good time to maximize profits with limited risk.
Long term trade analysis is shown in my other Monthly chart. Here we are looking at the start of wave ...
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EUR?USD hit a major supprt at 1.145 and we should see a Reverse Cup and Handle bring it back up to 1.16 -1.17.
Let me know what you think. I'm waiting to hear you feedback on this.