Hello! Last week, I was about to enter a trade but decided against it. As always, I put my support and resistance lines on the daily time frame and then added the trend lines on the 4-hour time frame. As of now, I will patiently wait to see what direction the price market will take. Will it break the down or up-trend line? I am also waiting for additional...
Hi! I put my support and resistance in the daily time frames and a trendline in the 4-hour frame. I saw a breakout on the downtrend line, and I predict an uptrend on the 4-hour frame. I'm just keeping it simple. Thanks for taking a look!
Hi guys! After setting up my support and resistance on the daily time frame, the price action did not break through the resistance line. A "M" formation was formed, along with an inverted hammer candlestick, followed by a strong bearish candle. I placed a trend line on the 4-hour chart. I predict adowntrend. Thank you for taking a look at my chart. :)
Howdy! The daily frame showed an inverted hammer candlestick pattern. Support and resistance lines were placed on the most recent swing highs and swing lows. Moving on to the 4-hour frame, a trendline formed a descending triangle. The price did not break through the support line but through the trendline, and a retracement was made. I predicted that the trend...
Howdy! This is my analysis of the EUR/USD. The price did not break through the resistance level near 1.08867 on the daily time frame. Move to the 4-hour time frame, and a double tweezer candle has formed. Lastly, an ascending triangle is seen on the chart. Just keeping it simple. Thanks for checking it out!
