Price making its 3rd touch to its ascending trendline, making a higher low. I believe next week price may see a potential bounce to the upside
Making its 3rd touch to the ascending trendline, rejecting off the 200 ema. A daily closure is preferred first before entering if price closes above the trendline or not. If the trendline breaks the next level of interest is around 6K
3rd touch to the descending daily trendline, now the counter trendline is broken price is headed down to daily support
Price respecting its uptrend line, making its 3rd touch before pushing to the upside. Price broke its CTL, now coming for a retest, & should continue up to its next area of daily resistance ..
This is what ill be looking for next on the euro/dollar. Price is currently testing 1.19250 daily resistance, if we get a daily close below the next area I will be looking at is 1.19000 where I will look to see how price reacts, & potentially a pullback to the 61.8% fib is likely to make a 3rd touch to the channel bottom.
It is always important to refer back to the weekly chart to avoid price "fakeouts". Looks like we have our 3rd touch to the trendline, which could come a very strong move to the upside, continuing its uptrend making higher highs & lows. Higher low completed, now a new higher high is on the cards for 2018
Kind of disappointed I didn't pay attention to this pair recently, price made its 3 touch to the ascending daily trendilne, & hit a strong level of daily support with a strong bullish engulfing candle close. Will watch for a potential retracement for a possible entry
Price making its 3rd touch to its weekly ascending trendline, usually the 3rd touch will be the strongest impulse, & looking at DXY there is a good potential of shorts.. So I will be watching this upcoming week !
50% Fib level , 1.1000 key level , 3rd trendline bounce ______________________________________________ French Elections = RIP or Drip /Raul
EJ may have just put in a 3rd touch on the weekly decending trend line. The month of June EJ retraced to the 61.8% fib, will it hold? Last week produced a hammer bar and this week may end as a bearish engulfing with a possible CTL break. Could we see the lows of 126.000 and further down to 119.540?
LOOKING FOR A BUYING OPPORTUNITY AT MY BUY ZONE WHICH IS IN CONFLUENCE WITH A FIB LEVEL AND A 3RD TOUCH OF THE TREND LINE. A BREAK OF THIS BUY ZONE WILL LEAD DOWN TO MY NEXT BUY ZONE. FUNDAMENTALLY THIS TRADE IS ONLY GOING IN ONE DIRECTION IN THE LONG TERM BECAUSE THE BOE (BANK OF ENGLAND) STATED THAT THEY ARE CLOSER TO RAISING RATES WHICH IS EXPECTED TO BE THE...