On the 4-hour timeframe, the price is bouncing from the support level, but there are no patterns or confirmations yet.
Let's scale down to the 1-hour and 30-minute timeframes to identify potential patterns and entry confirmations.
My forecast for this week aligns with my plan for GU as anticipated, with some minor adjustments. The concepts remain consistent, but the positioning is extended due to the trend line liquidity near the current price. I expect this liquidity and the Asian low to be taken out, leading price down towards the 5hr demand zone.
Upon the formation of a Wyckoff...
Deliberately breaching the trend, then descending to the aforementioned support. That is, the point of purchase.. Now we target the point of sale to take profit.
Hello traders. Negative divergence in daily timeframes is evident in the price, and a new bottom that is lower than the last bottom in the uptrend, so I expect the price to fall at least to the previous floor. If you agree with me, do not forget to like.
EURUSD made a downtrend channel and reached the edge.
NOTE: Buy, If the price action (any candle pattern) supports my idea.
TIP: Don't predict the market, let the market react.
Currently, EUR/USD is trading at 1.1860. The pair is trading in upward resistance and support channel and about to touch its support level. The price is moving towards its support level at 1.1806 and it can rebound back after touchning support level. If the price rebounds from support level most likely it will touch the resistance level at 1.1997.
Follow proper...
As seen in this image euro usd as touched the daily level of structure and also crossed 200 ema. But my point of analysis could go wrong also. Do not take it as a signal and just for reference i m posting here. Hope for candle to come under 200 ema and go as per my analysis.
DO NOT CONSIDER AS THIS SIGNAL. JUST FOR REFERENCE....
My previous post for the EURUSD which called for a sell off can be found here:
EURUSD based on FXCM’s data (chart used in this analysis) finished the sell off close to the second target area of ~1.20582 mentioned in the post last week.
Price action from ~1.23793 on April 19,2018 to a close of 1.20715 on April 27,2018 is identified in this analysis as double...
The meandering price action of the EURUSD is captured in this analysis in a descending triangle. This chart pattern is ideally bearish. A close above ~1.24900 is marked as the point of invalidation (POI) for the bearish implications of the 4hr EURUSD descending triangle.
A breakout below ~1.22398 means that the EURUSD could possibly decline to ~ 1.19298 which is...
Dear Traders & Followers,
There is a possibility to go LONG from current price
to the level 1.2295 or 1.2330.
Note: Everything works with Best money management.
Note: Please leave comments for any query.
Disclaimer: Trade at your own risk.
Good Luck...!!
Regards,
Growing Forex Team
The market is very heavily overbought, I believe that it's time to drop all buyers. Those who trade through technical analysis will only see a trend upward!
AL parecer sufrio rechazoss de la tendencia alcista , pareciera ser que existen dos patrones armonicos formados, y el RSI en sobrecompra, las entradas bajistas estarian validas solo si el precio consolida por debajo de los 1.13 y con una rotura a la baja del RSI acompanado de algun patron candlestick ....
