If price rejects the 150.24 key level, we will look to place a market sell.
If price rejects breaks 150.24 key level, we will wait for a retest before placing a market buy.
If price pushes up and rejects from the 150.87 key level, we will look for a very large bearish movement.
3 areas of support as well as fairly strong resistance for EURUSD this next week.
If EURUSD breaches the 1.21 key level then we will be looking for a retest before placing a market buy.
If EURUSD rejects the 1.21 key level then we will be looking for more bullish/bearish confirmation on the direct of the market.
If EURUSD (unlikely) drops below the ...
Waiting for confirmation, breach of support or retest of ascending trendline.
Once we see confluence like breach of support or a retest of ascending trendline we will be looking for a long or short opportunity.
Price is being squeezed between this forming trendline (based on pivot points) and a strong resistance level. Looking for price to show a movement, breach the resistance and retest OR break the trendline and go from there.
Pennant is forming on the 1h timeframe. Will be waiting to see where price is going to go. After being in consolidation for a while and with 2015 highs of ~130, I feel like price has no reason to push higher, but we will have to wait and see.
4h Range, bullish resistance
Same on 1h time frame
Same on 15m time frame
Triple time frame analysis with all the same conclusion. This is a bull's market - looking for a quick 80 pips here while trading in this range. Always use good risk management.
Strong Daily Support
Multiple Areas of Value
Probable bull run from daily support up to 4.5RR/200 pips
Buy limit set at the daily support with SL just underneath the key area of value. TP up at 200 pips.