Shown in the weekly chart you can see a significant move that breaks a decade long trand line. However, at a cloaser look on the daily, you can see that it closed below the trendline.
After another drill into the anlytics, you can see where many resistances were broken and retested.
Looking at the 4HR chart you can see...
Hello to all watching my charts.
If you followed me today you remember some supports
i have shown.
NOW we have this situation:
Black Line Suppport have been broken
but BLUE Line support still hold at the moment.
Now 2 possibilites:
a) Further Down after Blue Line Support breaks also
b) New Upswing if Blue Line Support holds and if we get a quick
Hellot ot all watching m charts,
EURUSD moves still higher at the moment
still LONG and has been stablished a new Support at
1.17722 (RED LINE, Blue Line has been the old support from today a few hours ago)
with a Pinball bullisch Candle.
If you want to support my work, please like them
My analyes here are all NOT a request to buy or...
We rejected the Weekly / Monthly Trend line on this pair and looks like we’re heading down.
Bullish invalidation level would be a close below 1.17200. As you know not just we rejected the Weekly / Monthly trend line, we also formed a bearish engulfing on the Daily.
But our bias will still remain long until it closes below...
the chart explains position, my thoughts when market rejects the previous trend leaving it somewhat unpredictable. higher time frame structure has been broken to the upside - could always be a fake breakout -- time will tell.
Good Day Everyone
Here's a continuation idea on the EURUSD pair, the pair broke out of that descending triangle with the bull we saw some correction and signs of change in momentum for continuation to the upside looking for continuation to the upside. target marked....
Good luck and happy trading...
Welcome to my free EURUSD signal
EUR/USD Market-Buy: 1,12400
SL: 1.11500 (90 pips)
TP 1: 1.12800
TP 2: 1.13400
TP 3: 1.14000
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Currently, EUR/USD is trading at 1.1254. The pair may start a new up trend if it breaks the resistance level at 1.1258. The pair is now moving towards its resistance levels. If the price breaks the resistance level then it may start a new up trend. Its first target price will be at 1.1404 and the second target price will be at 1.1494.
Follow a proper risk...
As shown on the chart, Eurusd hit it's top trendline and a reversal is shown. Eurusd would sell to the first support(as analysed). It either hit 1st support and rise up to the top trendline or breaks support and head down to the second support. We're in for a long sell EURUSD
The multi-timeframe technical analysis provides the following hints towards an upward target of 1.1500 - 1.1550
MONTHLY: The price bounced up from the support of long term rising trend line with a bullish divergence on MACD
WEEKLY: Upside impulse created by the massive bullish divergence between the price structure & MACD
4 HOURLY: Price moved up nicely inside...
Based on this analysis the price would reflect up and continue its uptrend after touching the bottom of the channel, we can also notice two pin bars that have been formed that confirm the resistance line.
Weekly,Daily and H4 time frame all showing a bullish Trend. Price hit a weekly resistance zone and Rejected it.Price is currently on a downward move to retest previous broken H4 Resistance now support level.For price to move up wait for a break in structure of 30 mins time frame in scenario 1 to enter Buys Having a Take Profit level at previously rejected weekly...