Points to note: 1. Price at support and momentum at bearish area with rejection from trendline 2. Previous flag breakout failed and hence formed a potential cup and handle 3. D candle is indecisive 4. Price is at support of last two years, breaking will create havoc 5. Blue lines show potential supports.
Points to note: 1. Near 200ma(can act as resistance) 2. Previous Swing higher high is not broken, Evening star is formed. 3. Lot of divergences seen 4. Momentum inside a channel and price is near a trendline. 5. Price breaking below trendline and momentum breaking channel is potential candidate for shorting. 6. stoploss can be previous higher high for target of ...
Exactly in the previous support... Points to note: 1. Death cross. 2. RSI at 35.774 acted as strong support for the past one year which after death cross is broken 3. RSI at 35.774 can act as resistance. 4. If price moves up from here can form double bottom and bullish divergence. 5. can be shorted at 50ema or 200ma(if it reaches)
Bullish divergence is present in support which is a strong signal.. But confirmation is pending.. Next resistance is present near 1.17 and also momentum resistance... Some event is coming.... do trade keeping that in mind... Death cross... so i prefer selling when price reaches around 200ma... FX:EURUSD