This pattern has four main sequential steps for it to complete itself and signal
1. The left shoulder is formed when the currency pair reaches a new high and then retraces slightly to a new low.
2. The formation of the head occurs when the currency pair reaches a higher high then falls back near the low that was formed as part of the left...
Like I Will Always Say... Looking At The Bigger Picture Is Key..!!!
For All Those Following My Projections Since This Month Started...You Can All See How EURUSD Rolled Out Smoothly As Projected...
Now The Question Is Will Go As For As Hit Our Support Below @ 1.09260.?
If We Have A Pullback...It Should Run Up To 1.10769 Resistance Before Dropping Back Down......
Price can break the 1.83200 resistance and reach 1.8400 Weekly Key level which is respected many times and considered as a strong zone.
For now the pullback of last support has been happened already, we didn't enter there due the weekend which is not recommended as it gets risky.
We waiting happily with loaded guns for next entry confirmation near 1.8400 Weekly...
Hi everyone ! Today I am gonna give you my GBPUSD analysis.
What I see now on the 4H and 1H chart is bearish divergence. For me It means go short on 1.2823 for sure.
Enjoy your life and follow me !
For Educational Purposes Only.
Last week was a killer week for USD and EUR, Where USD was killer strong and EUR was weak toward ALL other currencies. My Forepower algorithm (described earlier) gives us this as a winner pair.
So the week to come use your favorite setup and go short term: SHORT on EURUSD
Badly formated currency matrix.
EUR USD GBP JPY CAD AUD NZD CHF TOTAL
EUR -1 ...