*currently in channel on 4 H time-frame *pattern looks bearish , however should wait for breakout in either direction *shall take entry on retest All the best!
LSTM neural networks generated a bullish signal for #EUR_HKD
The direction of the present trend of of inverse Eur usd in the future is the same of sp500 , strong long and then strong short for eur usd .
Weekly bullish candle; a good entry should present itself sometime next week and hold for quite a few months to even a year. This has the exact structure as EURUSD, only that EURUSD is one wave ahead. This is common because even with correlating pairs you will find that some lead and others lag. Patience is fast!
The price was rejected on the 1D MA50 within the wider 1M Channel Down (RSI = 41.549, MACD = -0.053, Highs/Lows = -0.0844, ADX = 50.328). The continuation of this 1D bearish sequence should lead to a new Lower Low but the first target is the 1D Support at 8.5320. ** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas....
Yesterday Setup - s3.tradingview.com Hitting buy zone 1 we can see price buying we are still targeting the highs for this trade