Pattern: 1D Channel Down. Signal: Bullish. Based on the time intervals on the Lower High sequence (15 bars/ 20 bars/ 15 bars/ 20 bars/ completion of 15 bars on May 8th). Target: Close to 1.1300 or 1.13600 (depending if it will be an upper Lower High or lower Lower High). Take profits at will (May 8th = ECB President Draghi, May 9th = U.S. PPI, May 10th = U.S. CPI).
There is heavy Resistance from the Lower High trend line on 1D (bold dashed line). If broken to the upside, a -0.82% high from the previous top may be made. The target on this scenario is 1.1353. If rejected, it should test the 1D Support at 1.11815. *Notice the 4H Channel Up pattern that resembles the one during February. This supports more the bullish break...
** Only for short term perspective. Can be invalidated by news driven volatility. ** Pattern: Channel pressure points on 1D. Signal: Bullish after a Lower High bounce. Target: 1.13080 and 1.12340. Traders who want to follow a safer approach my medium term view remains bearish and the short target below (1.1130) is still valid:
Pattern: Channel Down on 1W. Signal: Bearish after a Lower High was made. Target: 1.1130. My previous trades on this pattern:
Pattern: Channel Down on 1D. Signal: Bullish after a Lower Low was priced last week. Target: TP1 1.12900, TP2 1.13700.
Pattern: Channel Down on 1D. Signal: Bearish since the pattern made a Lower High. Target: 1.13370 (short-term), 1.12690 (medium-term).
Pattern: 4H Channel Up. Signal: Bullish if the 1.13716 Resistance breaks. Target: 1.14170 and 1.14400 in extension.
EURUSD looks like going to create bullish HS pattern for long buy
EurUsd - Daily - Sell setup. I see price below a weekly supply zone and below daily trend line resistance and a daily resistance level. Sell down to 1.12-1.10
EURUSD suffered from moderate losses due the tension between Italy and the EU over Italy's 2019 budget. German exports were down in August, which added to EUR selling. There has been sharp rise in US treasury yields, which caught some traders by surprise. The US treasury yields may continue to dominate many currencies in the FX markets. The technical signal for...
EURUSD Double Top and M pattern continuation
Guys ! This is the same chart I had post on 12th of September, exactly going according to my analysis, EUR broke a resistance of 1.16464 now target 1.17474. You can see the chart of 12th September here : Like the analysis and follow me for more successful trading.
Hi traders .. Eur/usd Pair Melting from few weeks . Clearly touch out short target . now retest on trendline we hope to see 300pips pull back . to Fib Level . and also the support area .
Trade with >70% probability: BUY close@ 1,2345 Risk: - 26pips Profit: +20pips Profit/ Risck Ratio: +76% Theoric Probability: >70% Actual Probability: + 94.11% Total Gain: +488pips