EURUSD is breaking on top of the daily 50 EMA and is finding support on top of it.
If the support holds strong, we can expect EURUSD to beghin it's reversal and bullish move.
Wait for the close of the daily candle and take the trade once you have the signal on the 4H / 1H Timeframe.
In my yesterday's analysis on EURUSD for long, it actually didn't break the level i mentioned, so for now i am looking for 2 possible scenarios.
Market is testing yesterday's lows, it could potentially break and may test the prior low as momentum on higher time frames is still strong so this could be one scenario.
As we have ...
Forming a flag though some may call it a pennant, but either way market will break to the upside.
Buy at bottom channel line if confident for more pip potential or wait for breakout first to be sure and guaranteed.
No given figures so one can chart themselves and use their own initiative for buy and take profit area, i've highlighted the opportunity to ...
EURUSD testing multi sessions bearish trend line, momentum is rolling over with signs of bullish divergence here, chances are this market may not go much lower, so watch out for a possible reversal setting up here.
Thanks for your support.
Spotted another pattern forming in yet again the EUR/USD Market 30mins timeview.
Rising Wedge pattern which indicates breakout to the down-side so sell sell sell, the pattern is outlined by yellow lines and break out should occur on the bottom yellow line for the downside.
Ignore blue lines as those are depicting earlier pattern formations traded in a different ...
EURUSD got a good run over the past few sessions, at the moment it is forming double top, chances are we may get a spike up and thereafter short term reversal, looking for shorts at current price and a sell limit at 1.1479, momentum is weakening across the short time frames as well with a divergence activity on the back of those times.
If you've your trading ...
Hi there, EURUSD is setting up for reversal. Watch lower time frame for buy the breakout and look for more upside. Clear break below and close below will change the bullish pattern. Good Luck.
When you try to take a position on the market, always study the chart from different points of view and never forget the 3 rules:
1st: Cuts losses!
2nd: Cuts losses! ...
EURUSD have been trading with in multi days bearish channel, so far it is testing the short term support with a compression underway, i am expecting the market to re-visit its prior lows and even lower to 1.1238., We have ECB rates decision today so likely this event can push the market. Watch out this market and Good luck trading.
All information given inside the chart and i shared this for educational purpose only. Maximum i wont give the followup or update in the old chart posted as educational trade idea, sometimes i will...so please make sure if i posted the new chart for the same pair, it could be a possible wave count or update. Make sure that old one was invalid or possible or ...