HOPE EVERYONE IS DOING GOOD HAVING A GOOD ONE IN THE MARKET THIS WEEK, HERE'S A LOOK AT THE EUR / USD PAIR, the pair just broke out of the ascending channel and confirmed a reversal pattern with a retest that shoes a change of momentum as it struggles to rally with the bulls a break below of structure signals confirmation of this move among other...
EUR/USD has drop in a significant amount that may trigger an up trend price correction up to 1.19530 then either continue dropping or rally back to the top to around 1.24630
The price is currently around 0.382 of Fibonacci retracement level,
base on Elliot wave theory it is believe that this is the beginning of wave 5.
just to back this up, I a new price level was...
A triangle appears to reflect a balance of forces, causing a sideways movement that is usually associated
with decreasing volume and volatility. The triangle pattern contains five overlapping waves that subdivide
3-3-3-3-3 and are labeled A-B-C-D-E. A triangle is delineated by connecting the termination points of
waves A and C, and B and D. Wave E can undershoot...
Hello traders, here is the full analysis for this pair... pairs still in the uptrend channel … the price going to touch the KEY LEVEL as resistance at a level of 1.22155 and I think we have a continuation of a long move but if the price can't break the key level, it's going to retest and down to first support of my daily chart: 1.19201.
All info can be found in...
Hello Friends, Welcome to the technical analysis on EURUSD. I think we might get a good sell opportunity in EURUSD, based on my technical analysis. And this is the right time to get a good number of Pips to the downside. Now price is trading near the previous support area and seeing a tight consolidation in lower time frames.
Thank you for your support. Please...
As i broke down in the video for those who dont have time to watch through this is a quick glance for the potential setup i am looking for. we have a minor resistance but we need the momentum to hold on to break through the resistance
i will link the video explaining the breakdown and hope you like , comment and share
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we clearly see structure in Daily timeframe not able to create a new high. and we clearly see based on wick that structure was broken in daily... so when you look at h1 timeframe we see a nice 78.8% fib retracement which gives. a nice risk to reward and we see nice rejection and break of structure in lower timeframe
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We have a break of bullish structure
Momentum is to the downside
Price created a double top after a lower high
Price appears to be rejecting this area indicated by wicks.
Sell stop placed slightly below last candle. We go breakeven at 1:1