Wait for the breakout of the neckline enter after retest or breakout...good luck
eur usd to chart quite bullish in 1 hour, sure it will touch the upper soon.. You can observe to buy in dips till to touch upper band target and stoploss below the lower trend line closing basis at least one 15 minute candle.
WEEKLY 127.500 LONG TERM TARGET.....LOW OF THE WEEK IS SET WE NOW LOOK FOR UPSIDE.....
Technical analysis based on Elliot Wave Theory
Tentative must wait for retracements
CONFORMATIONS: 1. H&S Daily 2. Hit Fib 50-61% level 3 RSI Divergence 1h/4h 4. break trendline/retest 5. 21/8 crossover 6. break pivot points level
CONFIRMATIONS: 1. Hit fib 50-61% 2. break trendline/ retest 3. 21/8 crossover 4. forming H&S 5. RSI Divergence 1h/4h
FORMING A HEAD AND SHOULDERS ON A BIG TIME FRAME
Trading suggestion: . There is a possibility of temporary retracement to suggested support line (72.40). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . AUDJPY is in a range bound and the beginning of uptrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic support....
The USD has strengthened modestly on the Asia session overall, regains lost ground overnight. The US dollar well bids in this Asian session against the G10 currencies. The euro added 0.45% to sell for 1.1550, erased overnight gains this morning. In case of easing trade tensions between the world’s two largest economies US and China, global risk sentiment should...
The 4-hour chart of EUR/JPY formed a double top pattern and made a strong sell off. Now it currently retesting the support of the double top pattern. The chart is also forming a up channel which could be interpreted as bearish flag too. As per our analysis,the counter is trading around multiple resistance zones and a strong selling pressure could be...