price will go down from this resistance area, target 1.00
Good time to go long, see 123 bottom pattern. Going in a uptrend to retest resistance. Target is at 420'0 on resistance line.
Possible entry at the red circle -Long term resistance, which was broken but re-entered and heading for a retest/bounce! -Short term resistance -0.236 (long term) -0.5 fib level (short term) -RSI oversold Safe and successful trading!
So having watched this pair for a good couple of weeks, we have come back up into a previous area of support / ressistance We are oversold on the RSI and because of this I feel we may see a drop back down to previous support. I'm short at 0.78483 with a tp target of 0.77063
Daily analysis for WTI, price has currently stalled at 61.80% Fibonacci level.
if we see a close below weekly structure by the end of play then we could see some bearish momentum
Euro/Dollar Are Trading Between two Areas ( supply & Demand )
In the grand scheme of things it looks as though a shift is ready to take place. It has taken me some time to realize that shift but it is finally here. Take look at the GBPEUR to the left. Notice how its price moves are converse to that of WTI, EURUSD, and XLE. The yellow circles you see are areas where similar behavior is forming. In the GBPEUR the opposite...