Telson
Short

EURUSD Box Break-out Performmance, Long-Term Price Speculation

FX:EURUSD   Euro / U.S. Dollar
Looking over the Weekly chart for the EURUSD             pair we can identify an attempted break-out of the rectangular formation, expecting a continuation of the downtrend dating back to May 2014.

The above is also supported from a shooting star on May 2016 (to my eyes at least), clearly indicating a short move, and we have been looking at the price tag going South since then. Check out the performance possible long-term profits with a previous structure support coming on low 0.99000's levels.

We would also expect a retracement move to retest the broken support but trust to become resistance in due time.

All feedback is highly appreciated.
Trade active
Trade active:

The support (area) re-tested followed by an engulfing bear candle :)
Trade still active
Reply


the box support has been retested, idea still valid
Reply
EN English (UK)
EN English
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out