We seem to be making a corrective structure for more downside, so you can look for sells when market breaks.(depending on your strategy.)
This is a short term trade. It might be the last impulse to the downside as we're already close to the daily low.
See comments for more updates.
Trade with care.
Currently in Eu long. We have currently swept Asian lows, Eu is still in a big sell Range. Liquidity is building up, We could expect asian highs to break, There is a lot of IMB on the higher time frames above.
After the price broke through the downtrend at point 1.187, it left the channel, which has persisted since the beginning of 2021. During the growth from the support line, the price reached the resistance level of 1.207 and now we can expect that it will reverse after touching this level. And then it will fall and plunge to the 1.195 support level.
During the fall in the channel (December 2020), the price came to the support zone.
The first time it broke through the channel line and fell to support 1.183.
Then she grew up.
This support line is June 2020.
The price rose from the line after each touch.
Now the price is at the strong support line (June 2020) 1.185.
We continue to observe the behavior of the price of this currency pair. And for the third day, it cannot leave the resistance zone 1.217, which it entered after a strong growth from the support level. Let me remind you that at this point, in addition to the zone itself, there is also a strong resistance line for August 2020.
This price behavior may be related to...
The channel is broken and now, technically, there should be a decrease in the channel length.I put the link of my previous analysis, you can review
Please push **LIKE** to support idea , thanks
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market....
Recently, the euro-dollar market has been very unstable.
We consider the price movement taking into account the influence of the strong line, which has been forming since 2008. And for all this time, the price has never been able to break through this line, although it touched it quite regularly.
However, at the end of July, the line was broken at point 1.152....
New Covid-19 restrictions and increase of infections specifically in EURO zones, stocks struggling from a slowly stagnating economic recovery. Without stimulus talks, bearish US economy- good for USD and JPY safe havens.
Looking at technicals- well, just look at technicals lol
10/19/2020 on the economic calendar- Speech after speech. Could be choppy, watch for...
#Analisa EURUSD Naik
Selengkapnya bisa dilihat pada chart
Jangan lupa untuk share ke rekan traders yang lain untuk saling berbagi analisa dan pandangan terhadap pasar.
Trading jalan, kita jalan jalan
Disclaimer tanggung jawab di serahkan kepada masing masing individu
The 4h chart exhibits an imperfect bearish shark that could give us between 100 and 150 pips upwards up to 1.1200 in the next 5-10 trading days. And more than 200 hundred pips on the way down. The price is somewhere in the mid of the downtrend channel on the weekly chart. It's been declining gradually in the past months and will possibly continue doing that down...