116 would be the target of the current rally. At this level stay cautious and watch the price action at lower time frame closely.
Just to show the dominant 10 days cycles
Please also check the below mentioned links.
The price projection are shown on the Graph. Each phase requires a confirmation (Rejection), to confirm.
A close below today's daily low, in the next few days, will confirm the bearish move. Please also the link cited in the related idea section.
Please also check the link to ideas, tagged below;
Please refer to the link below for potential target, previously defined
Look for Significant reversal bar at late Monday, early Tuesday, The price action then should takes off to upside. Test of the previous high would be the first target. There is a chance of short opportunity if the price does not break above and close above the previous High. as demonstrated here, Please see the comments below:
174.25 is an area where short opportunities should appear. Only, In case that the trade materializes, the potential P/T s are retest of the previous low, 168.45 and then 166 level. Trading above 175.60 negates this idea.
Here is a good level for shorting this pair. The Entry, Advised S/L level and Potential target levels are shown on the chart. Hope this works for you.
3 Drive Pattern and a potential double top formation should send the Loonie down.
The important Support and resistance levels on the EURUSD are identified.A Long trade opportunity with reward to risk ratio of 2:1 is suggested.
DAX is in the process of a short term relief rally to upside. The levels of resistance are defined on the weekly chart. Bullish divergence has been seen on the daily RSI. Looking for the RSI on 90 minute to test the 45-period Moving average to go long.
DAX is in the process of a short term relief rally to upside. The levels of resistance are defined on the weekly chart. Bullish divergence has been seen on the daily RSI. Looking for the RSI on 90 minute to test the 45-period Moving average to go long.
107.90 seems to be a good entry point to short this pair, based on bearish bat pattern. Stop loss above 108.20
Notes on the chart Any Question and comment is welcomed
The bullish 5-0 pattern will complete at 0.84836. Have an eye on it.
The price is approaching the defined buy level by the Gartley pattern. A long range bar has formed, this makes me to take the position with more caution. Look for Bullish patterns in the lower time frames, H4 and H1, as a confirmation. Hope this scenario will play successfully. Three Target profit levels have been defined, toward completion of i) 38.2%...