Upside prediction that I never shared but expected to happen on the monthly time frame, lets see where this goes fire moves coming in this last quarter
Top down analysis price broke out of a rising wedge on the daily and is in a correction pattern to the upside on the H1 and is currently making LL's and LH's which if respected should support the short idea in my diagram which is focused on a bearish Bias... Good Luck
Price has been ranging for the past 3weeks creating higher highs and higher lows on 4 Hour time frame which have been benefiting from so for today I'm expecting a retracement during NY to 1.06228 Fib level to enter more longs if I get a continuation pattern to hold longs till 1.06946... Let me know what you think
Monthly, Weekly and Daily timeframe are bullish so my bias is to the upside till further notice, to support my bias we have a possible Inverse Head & Shoulder on the Weekly and Daily timeframe
Monthly, Weekly and Daily timeframe are bearish so my bias is to the downside till further notice, to support my bias we have a possible Head & Shoulder on the Weekly timeframe
Pretty straight for setup if price respects support I'm expecting buys till H4 resistance, I don't really have more to add... Please share your thoughts and Good Luck
Personally I'm still sticking to my bullish bias price is bearish for now and I expect it to buy soon
Bullish Bias
Scenario 1: Price bounces of support and reverses upwards to continue the trend
Scenario 2: Price bounces of and reverses at the third touch of the yellow trend line
Bearish Bias
Daily is forming a possible Head and Shoulder pattern similar to the...
If the DXY shows weakness I am expecting EURUSD price to reverse at the weekly Low/Support of our down trend to continue bullish trend till the HH's personally this will be my trade for the month...
Good Luck 🥷🏿
If price respects the current resistance level I am expecting a continuation to the downside, waiting for price to activate my sell limit orders... The M30 looks like it is forming a Head and Shoulder pattern
Good Luck🥷🏿
