Playing Double bottom near Up trend and support lines
Seems that this pair tends to make new minimums. I believe that it will happen during next 2-3 days. It is the most probable scenario while price is in descending channel...
Playing long with double bottom near local trend line...
Moving to middle of price channel...
EURUSD is probably forming Pennant under resistance zone. Look for bullish patterns near lower generating line of Pennant. Stop-loss under green support zone
Multiple bottom + down trend breakeout + long-range candle => long setup Stop under the long-range candle
UP trend line was broken Seems that bearish Flag was formed => Short. ALT Bullish triangle is possible
Main downtrend was broken yesterday. Market started with breakaway UP gap => indicator of bullish power. Better to wait confirmation/ At least +2 days for forming 3-rd bottom. Look for bullish patterns between 68 and breakaway gap. Buy with target zone 70-71.8. Stop under breakaway gap
38.2% FIBO zone haven't showed any bullish reversal patterns yet. Price continued downward correction. Next potential target could be near 35.5 (green support zone). Keep shorts, if you have it + tight stop-loss, because this downward movement can end suddenly (impulse system already allows buying)...
In the third part of April-2016 OPEC will make a try to agree on fixing current oil production and limit oil supply in the world. I wonder if they will succeed to do it. It will be another crucial decision for the oil market and its derivatives … Technical analysis of WTI future contracts gives us the following results: Current contract. 4 hours • Oil is at...