Welcome back Traders, Investors, and Community! Strategy : Range Area setup Good trading at everyone! In Weekly time frame, there is an uptrend and price is at the lower band of the ascending channel. In H4, price has reached to the upper band of the descending channel and is above 1. A double bottom pattern has been created which is a good reversal pattern at the end of a downtrend. IF the neckline broken out to the upside and EURUSD The price has been following a wedge shaped structure, and if price manages to break above the structure, after a pullback if price holds above the support I expect the price to move higher towards the next resistance..
Currently, it is making a pullback, probably to test the trendline or the the horizontal level that was broken down.
Expect more downside continuation once the level is tested! As I said, the price first dropped to support. Continues to move along the support before the start of new growth. The price falls in a falling channel between the price and resistance The pair is sitting on a major zone. Hello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied.
We can see that the bullish momentum is kicking in.
Deal Ticket
Waiting for the break of the resistance for more upside continuation! Support in moving averages and our resistance is the Fibonacci levels. The price can still go down in the pattern, but eventually looking for a big breakout of the pattern for an upside reversal! TradingView EN. Videos only. See all ideas. Currencies are traded on the Foreign Exchange market, also known as Forex. This is a decentralized market that spans the globe and is considered the largest by trading volume and the most liquid worldwide.
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CLIENT SUPPORT
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