Outer trendline with bearish bat setup. Supply area and showing rejection at fibo level 0.886. Target to the weekly demand as price shows compression along the way.
- Downtrend according to SMA 200 - Heading for trendline and weekly demand zone - Falling wedge pattern - Waiting for rejection at demand zone to go long
Forecast price to fall 183.00 and open buy at that price with projected price to go long to hit 190.00 in confluence with fibo projection, trendline and SNR.
Aiming for 50 fibo retracement , awaits MA confirmation and daily signal.
Daily and H4 lock the target price , supported with MA in lower and higher timeframe.
Daily and H4 lock target price with a rebound.
MA in lower timeframes still shows a strong bullish signal for EU, and in H4 the box strategy locks it to at least 1.14852.
Price in overall will still go up to touch previous high price in daily to form double top but for now it shows a strong resistance. MA in smaller timeframe already signal a bearish movement, still need a lock from the box strategy to confirm the 2nd downward movement.
Let us see if price will go there. MA and price movement signal the direction.
EU , price movement by using MA and Box strategy. Let us see if the market will touch the price.