morning guys! EURGBP is stuck on a key structure support level. yesterday, once the market reached it, the price has started to consolidate and formed a classic candlestick pattern - inside bar. 0.8718 - 0.8688 is our current decision range. six 4H candles are already within that range and to clarify the future direction of the pair we are looking for a...
Everything is explained in the video. Enjoy
Hello dear subscribers! The price of Euro continues to fall to the level of support. Do not make a deal, because the profit will not be great. If the price breaks the support level, then this is a sell signal, because the currency can fall to the bottom. Watch for price developments. Good luck to you. If you liked this idea, please like and subscribe to my...
Bearish Market - I think that the market should keep going down Price level 0.86850
Aquí tenemos un Short. Pondremos el SL por encima de la resistencia.
The AUD/USD reacted to its resistance line and will go down as far as we know BEST TIME TO TRADE GOOD LUCK.
EURGBP will continue to fall to the support line. The price is at the resistance level of 0.8736 and the trend is falling.
I've added notes to the chart that validate why I believe this is a buy opportunity based off of using the Elliott Wave Theory. I believe we are in a corrective structure of a regular flat (3-3-5), moving into wave C. Price is currently sitting in a demand zone.
This week's trade on Euro will be pre-assumed that there will be a strong dollar. I think there will be strength on the AUD also (and NZD(, but the USD strength this week makes me favor the short. Technically, this is a perfect setup. Confluence include fibs, key-levels, patterns, and bias, and fundamentals. Cheers, 01:26:18 (UTC) Tue Apr 28, 2020
Hover on anchored text for analysis.
2 approaches (Camarilla pivots + DeMark and Fibonacci Pivots + Ichimoku) are foretelling the same move. For educational purposes only.
Because it pulled down so sharply, In expect it to continue downtrend.
Head and shoulders on 1H. Broke below 61.8 on 4H. Bearish price action