in the Weekly and monthly time frame we have a bearish trend.
The price has failed to reach the 50% retracement level, it has retraced twice to the 38.5% level.
The fractal indicator shows a bearish signal.
The EMA 50 cross shows a bullish signal.
Candlestick analysis: Bearish Harami
Bollinger bands show a bearish signal at the red circle on the chart.
The weekly charts shows a downward trend, we are looking for bearish entry points.
Bearish Fractal signal.
Bearish EMA 50 Cross.
We have a strong bearish engulfing candle and a confirmation candle.
This is the second the resistance line was hit, I believe that the price may drop back to support and might breaktrough.
Stop loss at 2ATR
Not a great risk/reward...
At this moment there is no suitable entry point.
We have a weekly and monthly bearish trend, we are looking for bearish entry points.
It has only retraced to the 23.8% level, therefore there is a chance it continues towards the 50% level.
Candlestick analysis: we have a strong bearish engulfing candlestick.
It seems like we are close to bearish EMA 50...
We have a bearish weekly trend therefore we will be looking for bearish entry points.
The price has retraced 50% from the last move (red line on chart), which is a previous support and now resistance line.
Candlestick analysis: We have an large bullish engulfing candlestick.
EMA at a Bearish cross.
Fractals bearish signal.
There is a long position opportunity on the EURUSD.
Stochastics : Oversold
Reversal Head and shoulder creation
Engulfing Candlestick (3 Candles)
Then there is a scenario where the Head and shoulder completes and then there is an opportunity for a short position.
There is a downwards weekly trend
There is upwards monthly trend
the monthly charts shows a bearish trend. Following this trend on the daily chart we can see the monthly and daily support and resistance
The triangle shows that the price might hit resistance line and fall back to monthly support line.