Exercise patience here please, for validation
0.786 B point retracement of the XA leg, which our pattern requires.
potential reversal zone will be defined after reaching 1.19069, which then completes our AB=CD.
Our harmonic resistance will be above 1.19100 area
. There is still a possibility of temporary retracement to suggested resistance line (1.178). if so, traders can set orders based on Price Action and expect to reach short-term targets.
. EURUSD is in a range bound and the beginning of downtrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic...
Here EUR/USD trying to escape from the parallel channel. I think it would start marching upward soon from the support area of the Box pattern. Its trend is reversing, so day traders can sell now for the levels of 1.1706 - 1.1696 . And a breakdown of 1.1690 is a direct signal for a continuous downtrend that can be for 1.1666 - 1.1636 .
Downtrend initiator: ...
All the expectation at the starting of the week , That EURUSD bearish trend has failed , its been bullish right from Monday,
and it continues , it takes the area of 1.18250 area as support , and it aims towards 1.90 and more..
Euro against Dollar pair, is looking bearish in the 3rd week of October, When you see the monthly chart, bearish Engulfing September month candle still expect to send the price down , in short term view, we can expect the price go down till 1.16 area this week
Note - Price action analysis for education purpose only
Euro against Dollar, raising right from October Ist , and similar to Gold , this pair also in upbeat against Weak Dollar, Expecting this pair may turn after 15th or 16th at the price from 1.18500 area..
PAIR : EUR/USD IF HEAD AND SHOULD FORM IT WILL SHORT
KEYS : RIGHT SHOULDER FORM BECAUSE MAJOR HEAD AND SHOLDER AFTER BREAKOUTS ITS TO BE RETEST I THINK SO WE EXPECT RIGHT SHOLDER FORM AT THE RESISTANCE LEVEL OF CHANNEL . LETS SEE WHAT WILL HAPPEN