The price has been forming a very large symmetrical triangle pattern, this pair needs to be watched carefully to see which way the price would breakout this triangle within the coming months.
This week the EUR/USD has hit a major resistance point, shown above, having been tested twice and upon both occasions the price has been rejected.
Watch closely this coming trading week, depending on news releases throughout the week regarding both the euro and US dollar (beginning Monday 24th April), could tip the price either way.
Will be posting an update and ...
Price has opened at the support trendline today
Stochastic is oversold and currently turning upwards from that area.
Weak CAD can be seen in both USDCAD and here, EURCAD.
Not too good R:R ratio, but this trade fits my technical strategy so I will take it.
Have less emotion, and be more patient.
Good luck comrades.
On the 4H time frame we have a symmetrical triangle that i am looking to short upon the breakout of the lower trend line. There has been a lot of resistance at the 61.8 fib which coincides with the 1.23200 key resistance level which the bulls have failed the break above on the daily close. If you look on the daily chart there has been several rejections of this ...
NASDAQ:FB
One projection that can send the price to test the super and all time trendline;
By default, the projection of a bearish symmetrical triangle is equal to the previous and most recent move above that triangle, starting at the last "point" of the corrective structure or consolidation structure...
Now, we have an ABC inside the triangle already forged, ...
