I just thought this was pretty cool. the lines from the first touch of the bottom of the triangle to the 2nd, 3rd, and 4th touches of the top line of the triangle, all intersect the time of the triangle completion, very close to strong Fibonacci levels.
The price has tested the level for "a lot" breaking through current resistance will give a strong bullish momentum.
The price has broken through 1.3100 level, In case if the price will be closed below, short term correction is possible, However I do not recommend to sell in this situation, as the major trend is strong Up.
The target of the current move is 1.0872 It does make a sense to trade it. To enter, wait for a short corrections (up to 50%) on a 15-5 M charts. Use a short SL's be careful of 1.09, price can bounce of there.
The price has formed ABC pattern, it will be confirmed when B level is broken. The long entry with good potential (offcource depending on political and economical background). Stop Loss below 1.5025, Target1 1.5200, Target2 1.5300
The major move is down, at the moment the price is at 130.1589 level In case if the level is broken, down move continuation is possible, 1st main target is at 1.618% daily Fibonacci expansion 126.000 Stop loss above 132.000
Yesterday's close once again confirmed EUR weakness. Offcourse some of the traders are experiencing discomfort with not being in it :) As far as I can see, the price is showing us a 1H weak reversal signal (do not use it) which is giving us a possibility to sell by a better price. Sell Levels: 1.0825 1.0900 SL > 1.0900 (maximum, in case of 1.0825 Bouncing -...
At the moment the price doesn't show any reversal patterns. Use Intraday Price action to trade, continuation of a down move for today is likely.
The Price is at the very strong support area. The bounce of this area is highly possible mid-long term . In case on a "Bounce" Scenario - the 1st target will be at Weekly 0.7750 resistance area. The break towards down is also possible, but have to be confirmed with a price action,
Short term. In case if the PA will confirm a level brake, the continuation towards the 1D down-trend is highly possible. It will open the way down to 1st: 0.7600 2nd: 0.7550. In case of a bouncing off the 0.7650 Level, the price 1st target will be at 0.7750.