About meCurrently pursueing a Bachelor of Business Science majoring in Statistics and Economics @ UKZN.
Aspiring Data Scientist with a passion for Trading.
Its not just about trading its about the drive and kick you get from pattern recognition.
200ema downtrend broken to the upside. first break and retest (@1) shows us that there is strong pressure to the upside as the retracement is not deep enough to reach the 200. we then see a double bottom to the daily 200 ema.
Target Zone 84.0 area
Waiting on a fresh zone retest to complete a double top. looking for a 15minute entry and a two session hold on a short position. if the zone is broken looking at a retest after the break on the zone and looking for a buy position.
How a retest from a breakout could play out befor upward continuational move.
Head and shoulder pattern forming to the upper trendline both on the h4 outer trendline and h1 upper. Looking to counter the up channels.
Friday EURUSD analysis to close of the week.
EURUSD has broken the downtrend labelled 1, in line with a retest to the 200ema which a bullish type of price movementExpecting price movement in the coming week/s to move towards the 1.11807 zone inline with the downtrend labelled 2.
Overall market force is to the downside.
Market has been failing to break the 0.89165 resistance, with a confluence of downward trendlines that are also acting a resistance zones. You can see this one in many ways a broken triangle also visible an retested.
H&S pattern formed after a completed breakout, looking to retest the 1485.13 resistance inline with 50ema giving strong resistance confirmation. looking to add to positions after the resistance retest. "short opportunity.
Double top to the 0.75006 resistance, supported by a break and retest to upward channel looking for short opportunities. Supported also by the parallel downward channel zone that the pair is trading in.
Trendline breakout with a reversal to the 1510.83 resistance. Looking for sell opportunities. Should they reverse back to the 1510.83 resistance they would be going for a double top which would be further confirmation on the sell.
Also on the larger timeframe we would be waiting for the H4 close at 12:00 CAT.