FX:EURUSD
EURUSD monthly timeframe, has the price broken the support zone at 1.06797$, and retraced back to the previous low, now support has changed to be strong resistance. Where now Price is roaming at.
The observation on weekly timeframe, the price leaved a doji candle to signify that price is at indecision zone , whereby bull in r bear can take into control...
1H timeframe the price has a tendency of Ascending Channel. Currently the price is bouncing and roaming at Channel support $169.655. And now the price has formed double bottom to signify that Buyers Will be in control of the market and vice versa after breakout of Support.
Target after reversal is located at midst of previous High $171.988 and the final previous...
In 50 Ema(exponential moving average) of 4hour the price has bounced back to find the previous High.
Our entry is located After 30min timeframe descending channel been broken at start shooting up.
By using fib retracement our point is marked as 0.28%, 0.38%, 0.50% and 61.08%. where we can find the target. Thou this is a continuation pattern we observe to reach 400 pip
