USD/RON,harmonic bearish bat,type 1 is over,price will retest HOP level for type 2 entry
Here's my take on USD/RON evolution: Looking at USD/RON chart the following may be taken into account, from a technical perspective: * USD has been on an ascending channel (highlighted in gray) vs RON starting Apr'18; * the 50 day Moving Average (MA) highlighted in dark green has been acting as support since then - 4.5 range; * the 200 day MA (light green) is...
USD/RON ,harmonic bullish deep crab,price is going to retest HOP level for type 1 entry
USD/RON,harmonic bearish bat,price will retest hop level for type 1 entry
USD/RON,harmonic bearish butterfly,type 1 entry
USD/RON,harmonic bearish deep crab,wait for hsi at the hop level,then enter for type 1
Pattern: 1D Channel Up. Signal: Bearish as the pattern has hit a Higher High. Target: 4.3500. Target hit on my previous USDRON signal:
𝔹𝕖𝕗𝕠𝕣𝕖 𝕪𝕠𝕦 𝕣𝕖𝕒𝕕 𝕥𝕙𝕚𝕤 𝕚𝕕𝕖𝕒, 𝕡𝕝𝕖𝕒𝕤𝕖, 𝕔𝕝𝕚𝕔𝕜 𝕥𝕙𝕖 𝐋𝐈𝐊𝐄 𝐛𝐮𝐭𝐭𝐨𝐧 𝕥𝕠 𝕤𝕦𝕡𝕡𝕠𝕣𝕥 𝕞𝕪 𝕨𝕠𝕣𝕜. 𝕀 𝕨𝕠𝕦𝕝𝕕 𝕒𝕡𝕡𝕣𝕖𝕔𝕚𝕒𝕥𝕖 𝕚𝕥. The pair is expected to continue its upwards movement after it bounced back from an uptrend support line. Romania has been the next target of US militarization. The shift in the US defense strategy comes amid the widening gap in the relationship between Washington...
Pattern: 1M Channel Up. Signal: Bullish as the price rebounded on both the MA50/200 and is repeating a bullish RSI sequence. Target: 4.40000.
The pair has started to rebound after last week's Higher Low within the 1M Channel Up (RSI = 61.167, MACD = 0.070, Highs/Lows = 0.0555). The 1D RSI has still room to rise before reaching the 68.35 - 72.00 peak zone. Since every Higher Low within the Channel Up has extended at least a +4.83% we calculate the next Higher High around 4.4500. Our Target Zone is 4.4000...
Pattern: 1D Channel Up. Signal: Bullish as it is approaching the Higher Low zone of the pattern. Target: 4.3800 (based on the Higher High dif). *note if the 1D MA50 breaks potential decline towards the 1D MA200 (strongest long term buy signal).
Pattern: Channel Up on 1D. Signal: Bearish after a Higher High was made at 4.2800. Target: 4.2020 (potential Higher Low and Support).
Weekly trending upwards - Lagging span above cloud - Future cloud bullish - Conversion > Base line - Price above cloud Daily trending upwards - Lagging span above cloud - Future cloud bullish - Conversion > Base line - Price above cloud
Pattern: 4H Channel Down. Signal: Bearish only if the 1D Higher Low support line breaks downwards. Target: 4.1500 (1D Support).
An analysis of steps and trends. USD will retest the support and continue to rise to break the resistances.
The price is trading within a 1D Channel Up (RSI = 56.303, MACD = 0.018, B/BP = 0.0098) and is near completing its Higher Low (Highs/Lows = 0.0000). The next Higher High extension should be near 4.18138. Long with TP = 4.16950.