Eur/usd is finaly at the bottom of the triangle on the major major support line : - EMA 200 - Major support trendline - Psyhcological price 1.25000 (which was only touched and reversed immidiately) I explained everything other on chart. Please comment if you have any ideas :) Best regards
A key trendline that looks like breaking rightnow. Patient traders should wait for the candle close as a confirmation. Please leave a comment on how long you think one should wait before calling this trendline definitelly broken. I'd give it a couple days more ...
This pair has had one of the largest moves of the day. Currently pushing into the major psychological at 138. It is also pressing into a resistance point that has rejected it twice. Could be a triple top leading to a horizontal channel. If it breaks and closes above 138 then I see a little more upside before a pull back and a continued move north. Happy...
EURUSD is at a very important level. Based on historical price patterns, the 1.3450 area is a major point in terms of this pair continuing it's bearish momentum or not. The major support zone between 1,3512 and 1.3450 area has been compromised BUT price is just hanging onto the lower part of the zone. If price can stabilize, meaning it spends the next day or so in...
OPEN POSITION AT 0.87958 TAKE PROFIT AT FIRST TARGET 0.84535 STOP LOSS AT 0.88714 NEXT TARGETS AT 0.82482 --> 0.80822 --> 0.79163
watching for a break of the triangle to amp up the short positions. Currently have a few small shorts in the market based off the top of the wedge and a weekly divergence.