EURO is moving in a ABC pattern with B is on the way down.
As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=117.35. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=117.9. TP4: R2=118.3. Set the stoploss of these orders at breakout of S2=117.15. Stop and reverse: If trend gets reversed, sell (stop) orders will be opened at breakout of...
As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=120.75. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=121.4. TP4: R2=121.65. Set the stoploss of these orders at breakout of S2=120.2. Stop and reverse: If trend gets reversed, sell (stop) orders will be opened at breakout of...
Again obviously we recognize the same possible conditions.
UJ formed a Double Top and broke + retested the 108.140 Support. Looking for the Short.
follow the chart seems like IH&S gonna be played on this one targets and R/R on chart first target at 1.618 fibs good luck
Trading suggestion: . There is a possibility of temporary retracement to suggested support line (125.85). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . EURJPY 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....
Good evening from the UK, follow me on Instagram @travis_duncz always happy discussing the charts and trading in general. Doing this article quite differently today. Not going to discuss how I've come to my bias for once, but the chart I've posted talks for itself. Looking back over Q1's articles and you will see I enjoy studying these charts. It becomes an art...
As we forecast downtrend for this day, so Forecast City suggests sell (limit) below R1=125.5. But the short term forecast is range bound, so we expect to reach the following targets: TP3: S1=124.4. TP4: S2=123.8. Set the stoploss of these orders at breakout of R2=125.7. Stop and reverse: If trend gets reversed, buy (stop) orders will be opened at breakout of...
As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=126.25. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=126.7. TP4: R2=126.9. Set the stoploss of these orders at breakout of S2=126.15. Stop and reverse: If trend gets reversed, sell (stop) orders will be opened at breakout of...
As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=125.2. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=125.85. TP4: R2=126.1. Set the stoploss of these orders at breakout of S2=124.95. Stop and reverse: If trend gets reversed, sell (stop) orders will be opened at breakout of...
On the daily chart, the euro seems to have hit a new formed resistance which has been tested twice already. I'm expecting price to form a lower high than a lower low to confirm the bearish trend. Would suggest selling at the break of the pattern if you want to wait for confirmation or you can sell below the resistance line if you're an aggressive trader.