Waiting for a harmonic completion
Showing a butterfly pattern
Finding resistance at the 0.618 ret. level.
Head and Shoulders formed.
There is a key resistance at the 1.33956 level. A rising wedge can be seen. There is also a Negative divergence on the stochastic. Its a good time to short this pair.
Am seeing lower lows on the 30 min chart and higher lows on macd indicator. this shows that there may be a breakout of an uptrend.
The pair looks bullish now. I used Fibonaccii to determine the profit levels.
I Mostly used candlesticks in this analysis. My forecast is bearish on the long term.
Just practicing on my chart analysis. Am seeing a eurusd long. If have a different point of view you can share it with me.