Price making a nice squeeze which means that price will go for another push to fake-out all people who are currently shorting FX:EURAUD
-We got a nice hammer and the bottom of a squeeze, and triple bottom so this just confirms my thought.
Good luck traders.
We created nice squeeze which can mean that is time for the second touch of the bullish channel.
Price should continue the move from September 2018, Current situation is price resting-buyers taking profits and other buyers jumping in.
Also, I can see a lot of wicks on support zones which only means that buyers are taking off.
For this moment I want to see a nice...
Price made a nice pull back and created a nice squeeze which can mean that is time a for the second touch of the bullish channel.
If we will get daily hammer today I am pretty sure this will go up.
Also, price reacted to strong Resistance (1.05275).
Weekly hammer that price created couple weeks ago means that we are in bullish trend now so this setup has a very...
I'm Looking for some bullish action here because We can see a nice squeeze which can create the second touch for a trend-line which would create an amazing Bullish channel.
Also if we look back, we can see that this pair was in bearish trend for some time but in 2015 Eurusd jumped into consolidation and when price was ready, it exploded to uptrend, so that's mean...
Like we clearly see price created a nice squeeze which can indicate a second touch of a new bullish channel.
-We have a reversal candle on support. (4h)
-Hammer on weekly.
If the price will be able to break that squeeze and fill our buy stop, we should see a nice bullish run.