despite my latest bearish views and due to the recent rupture of the 1120 trendline resistance we could still see some Euro strengh from now on. If we dont go back below the 1100 area and we do this "soon" enough then Im afraid the euro strengh will be maintained even with a rate hike (as long as its below 0,25%). On the contrary, a rate hike over 0,25% (0,50%...
Stratus Cloud Formations will not offer any real support or resistance Scenario 1: Price either breaks the pennant or bounces one last time before moving higher to previous all-time highs Scenario 2: Price ignores the Stratus Cloud formations and moves to the bottom of the Pennant In Scenario 2, if price does move to the bottom of the pennant it can move out...
economic calendar FOMC meeting !!! www.forextime.com
Two scenarios. Back to the downward channel, or a continuation of the correction.
Two scenarios: start correction from end of the ABCD pattern or, if lower trend line downward channel hold, the descent to the level of 1.25 (fibo level) and from there upward correction.
LNKD price action is now showing potential trading opportunities both long and short. The short scenario: The broader time frame is generally bullish but currently we are facing bearish momentum. This is a healthy retracement since it has not compromised any significant supports so far. Using Elliott Wave, I have counted 4 waves of a bearish impulse. This scenario...
Two scenarios out of the triangle. No response to the sanctions and the statement of the President of the ECB favors line-up.