While the price is above the support 6.04400, beginning of uptrend is expected.
We make sure when the resistance at 6.09700 breaks.
If the support at 6.04400 is broken, the short-term forecast -beginning of uptrend- will be invalid.
Price is below WEMA21, if price rises more, this line can act as dynamic resistance against...
Two ascending support trend lines with an increasing angle. Looking for a 3rd touch of the second trend line to confirm support.
IF there is a upward break of the price range - 6.912 -> 6.9325 AND there is a retracement and retest of the upper area of the price range
THEN look for buy opportunity.
Good morning traders, this currency pair is currently in a descending channel so I expect it to sell for few easy pips, we do have a clear rejection of higher prices and a doji bar forming on the current trend line on the 2h chart. My stop is at 6.9165 and TP at 6.85. always do your own research before placing a trade.
38.2% & POSSIBLE 61.8% Retracement SHORT GWAVE.
POSSIBLE E7 GWAVE EUCLIDEAN STRUCTURE FORMING.
FIB Retracement Percentage is calculated in a Higher Euclidean Dimension.
PLEASE ALWAYS WAIT FOR STOCHASTIC CONFIRMATION!!! THANKS