H_AK_92

H_AK_92

Long idea: Retest Rising wedge Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad

H_AK_92

The market has been moving down from resistance; it has failed to update its highs. The market pulled back after the bearish impulse move.

H_AK_92

The possible paths of the process of movement. Which direction you choose?

H_AK_92

The possible paths of the process of movement. Which direction you choose?

H_AK_92

The possible paths of the process of movement. Which direction you choose

H_AK_92

The pattern is observed in a downward trend Should we wait for exit from the pattern?!!!

H_AK_92

The price reached the bottom of the channel and reacted. The price will go to 1.25550

H_AK_92

The price will go to 1.05 or 1.1. We have to wait for the direction of movement to be determined

H_AK_92

USD/CAD is sustaining comfortably above 1.2600 amid falling oil prices. Additional oil supply at 1.3 million bpd will offset the supply cut by Russia after sanctions on Moscow. This week BOC ‘s interest rate decision and the US CPI will be the main events to keep on the radar. Meanwhile, the lockdown curbs in China to contain the Covid-19 have restricted the...

H_AK_92

Eminent issues on the back boiler: + Asymmetric economic recovery post-pandemic in the euro area. + Speculation of ECB tightening/tapering later in the year. + Presidential elections in France in April. + Impact of the geopolitical conflict in Ukraine. *** Key events in the euro area this week: France Presidential Election. If Ms. Marine Le Pen becomes...

H_AK_92

I expect the price to recover to resistance 1.1. The downside risk is intact as long as EUR does not move above 1.1000.

H_AK_92

We can see The price reached the top of the channel and a bearish reversal double top pattern creation.

H_AK_92

The price reached the bottom of the channel and reacted.

H_AK_92

We can see the end of a bullish pattern. Therefore, the price of EURUSD is expected to fall.

H_AK_92

we can see a strong bearish push on price. The main trend is bearish and the price is in the correction phase.

H_AK_92

After a big significant growth, the price reached the top of the channel(fib=1.27) and reacted. Currently, in the Daily time frame, the price is facing bearish pressure and we can see the Hanging man pattern.