Jareth

Jareth

Potential trade during the week ahead

Jareth

First time looking at this pair, my bias is bullish however at this time sitting on my hands waiting for more confirmation signals

Jareth

Just retraced to the 0.618 fib on a daily resistance level, this could be our lower high forming after the lower low, next target being 1.2100 - 1.2090 levels

Jareth

Daily closure below daily support, looking to go short to previous highs which line up nicely with fib d extension 2 with MA's pointing to downside

Jareth

Daily / 4hr timeframe 0.5 fib lines up with 1.25 area of monthly support. Looking for reaction around this level but I could see a bounce and break of the weekly inner trendline. If this happens I can see 1.285 area of monthly resistance being the next target. If we break below, I can see this going to 0.786 on the fib retracement, lining up with the 3rd bounce...

Jareth

I'm bullish on this pair as we have just made a higher low, bouncing off weekly support 1.376, also the 0.618 fib level after breaking through but not being able to close below, then performing the 3rd bounce of trendline, MA crossover has also occured of the 4hr timeframe. I would still like to see a counter trendline break and price to get above 1.4 before...

Jareth Updated 

Daily EURUSD Chart Looking like a new leg to the upside is going to take place next week. We are currently in a slighty bullish channel making higher highs and higher lows. This pair has just fulfilled a Fib retracement 0.786 on daily support 1.228 with retest. Also performing a 3rd bounce on long term trendline from late 2018. On the 4hr it looking like we are...

Jareth

Daily EURUSD Chart Looking like a new leg to the upside is going to take place next week. We are currently in a slighty bullish channel making higher highs and higher lows. This pair has just fulfilled a Fib retracement 0.786 on daily support 1.228 with retest. Also performing a 3rd bounce on long term trendline from late 2018. On the 4hr it looking...