Price reversed from a resistance zone and broke out of ascending wedge.
Price has made a corrective structure and retested the broken structure that lined up with resistance level, 3rd rejection of minor descending trend line, 61.8 Fib ratio and moving average.
Considering that price has broken corrective structure CTL, the price has the potential to move...
Bearish engulfing pattern plus double top
We will wait for a decline pattern in 4h most likely. The shown operation would be the best I can currently see. However there's chance price is not able to go up to the segmented black line so either way we will look out for a potential bear control in 4h-1D. I'll be using for the japanese candle...
After the ECB interest rate decision and EURUSD falling more than 100 pips, I want to share with you my current 1/4 hour perspective.
I have no doubts about it that the EURUSD is still bullish in the weekly chart and daily chart. Tomorrow I will publish a detailed analysis on the EURUSD in weekly timeframe explaining that.
However, coming back...
The 14. of March it failed making new highs. Didn't get much support yesterday to stay at 10ema. Indications is leaning towards a short, but major moving averages is coming up, and one should be aware that it might mean it'll zig zag in the shorter term charts. Pretty lofty SL I have set for my self. Looking through the macro economics show that Norway isn't as...
It is one of the best looking shorts with perfect upper rejection market failing to move higher.
I see lot of bearish people coming in and it seems like this is the max limit for any upside i am expecting way move down towards 8.266 levels decide your way.
Trade with care Muze(usd/nok).
As this pair looks like its going to complete a "Special Cycle" this multiple TF confirmed divergence could bring us to 8.28 before continuing its downwards path.
Wait for a bullish candle pattern to long.
Wait for price to touch the 8.28 draw a bottom TL and sell the break of the TL aiming 8.07