We had a long side-away uptrends for past couple of week’s in EURUSD. There is no stopping out of biggest uptrends rally of EURUSD seems to be highest level of value,Since April 2018. According to our prediction and analysis the value of chart will goes downtrends and have a small wave up ⬆️ and starts to falls to the low high.
Head and Shoulder
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EURUSD Currently the price is in resistance and for correction it will
move downwards to support @1.17900 - 1.17950 ...wait for price confirmation and GO LONG..
Take profit 1 @ 1.18800
Take profit 2 @ 1.19450
it can go downwards upto @ 1.17250 and GO LONG ..
Take profit @ 1.18050.
I will buy EURUSD because :
It is forming a channel pattern
The price is ats support level and may go up
so i think we should buy EURUSD
If it falls below the support line short it .
Entry : 1.18168
Target : 1.20206
Stop loss : 1.17865
the 4 hour right side is down with a bearish sequence against 1.1557. The 1 hour is turning up against 1.1252. While above there expect the pair sees another high in the cycle from the March lows before a turn lower again.
good luck !
The price has reached the bottom of the long-term trends it has created since 1985, with the downtrend it has created since 2018.
When we look at a monthly basis, we can see that the indicators are trying to move from the fall to the rise.
In this sense, with the breaking of the downtrend, we can see a new rising channel that will work for a minimum of 4...
Euro against dollar pair traded within the price limits for the last one month or so, and clearly visible this week the pair will look forward to go high with the last week closing candle little off the floor, also a triple bottom pattern formed .. from the price action analysis view , bulls have the upper hand this week.
when it goes high, it may finish with...
as expected last week we saw eurusd breaking that huge H&S on the H4 chart resulting in a fast movment t
now we see a continuation of the pattern
1- H&S target have not been achieved yet
2- We have a double bot formation on the daily
3- big buying sentiment next to the breakout level