The movement of the exchange rate is in the reverse wave fractal established on the basis of the previous analysis. In the event that this movement structure persists, I expect a further rise. The Target Price is 1.1231, showing a nearly 1.31% increase from the current level.
My friends mum wants me to show her a big candle, i told her i made lots of money from a massive drop in the market... now she wants to see this big candle... Or could she possibly be talking about something else? ;p i will let you know how it goes.
Price has been in a big downtrend and if you need me to explain why then you shouldn't be trading, We can also see...
On the left is trading, on the right is theory. The entry level is around 1,1092. This level is an H1 head-shoulder or an M15 ATR half distance. In my experience, these two signs together are a sufficient condition in daily trading. The target price is H1 MA100,200 crossing points. The target price is 1.1190
There's a lot going on here.
-Bullish Pin bar rejects 1.10650 support level and weekly trend line.
-The poorly circled area (my bad) shows shift in momentum past the previous swing.
-The exchange rate retraces 78.6% on the support that price most previously rejected.
Looking to go long ya dun know.
Currently, I have identified a rising fractal pattern in the movement of the exchange rate. The analysis shows that ATRs also double (yellow rectangle). This assumes increased volatility for next week. If the analysis is correct, the exchange rate may start to rise significantly. Target Price 1.1594 In the event that further south is on Monday, the analysis is incorrect.
Continuation of the analysis with the previous observation that the EURUSD movement is reversing. More specifically, the wave sequences rotate around the orange axis of symmetry. If my theory is still correct, then around 1.1169 the exchange rate will have to turn north again. In this case, I am calling a long position with a target price of 1.1455. This...
As far as risk goes you have to.. for the biscuit. We see Multiple technical confluences surrounding the 1.1170 handle with an X marks the spot scenario. Quarterly chart implies a continuation of the long term up trend for the pair.
We are sitting around the 61.8% Fibonacci retracement level and have support from an ascending and descending trendline. With the...