Bullish divergence with the Williams alligator indicator pointing upwards and formation of the last LL after which the trend shifts in the opposite direction are confluences that strongly hint at the start of a bullish phase.
The price has marked its new LH but it is yet to make a new LL which is quite possible as the overall trend is completely bearish with no sign of reversal. To add one more confluence if we draw Fibonacci the price has reached at golden pocket and from there we can expect price will fall down
currently facing resistance but the william alligator indicator suggests it upwards moreover it is likely possible that it will break the marked rectangle resistance and when that happens, a long position has been drawn on the chart and also been advised when to take trade
As DXY has shifted its trend from bearish to bullish EURUSD is also following the same pattern as the last HH was not broken after a couple of attempts and the price went down sharply. All the confluences has been shown on the chart
The pair has entered the bull phase after a descent bearish rally. The confluences that made this trade bullish have been written on the chart. TP will be set once the SL is defined.
The price has got a rejection from fib point 0.618 moreover if you take a look at the last 2 circled LHs you will observe the same bearish candle formation after which the price falls sharply so wait for that candle in this scenario also and then take the short entry can be taken by putting SL above that candle or you can also put SL at fib point .786
major confluences like trend-line broken, support zone broken, and series of LHs and LLs give strong indications that the trend is now bearish moreover another support zone has been drawn at which price will most probably fall
by breaking the support the pair has started a bearish trend. A potential zone has also been drawn at which the price can probably fall, 1:2 target can be achieved
this support zone is likely to break as the dollar is going to weak further and once it breaks good setups can be found as EURUSD, GBPUSD, and NZDUSD would be bullish, and on the other hand, USDCAD and USDCHF would be bearish
after marking the new LL the price is now retracing and getting rejection from the fib .5 level which is an indication that from there price will fall down
the price couldn't surpass the support level and got multiple rejections and now it is going to reverse its trend from bearish to bullish
as can be seen, the price has been rejected from the marked support area and now it looks like that pair has entered the bull phase. Descent entry can be found on 1hr tf but for that make sure that trend looks quite bullish
it can be seen that after not crossing the resistance in upward direction the trend has shifted towards bearish now as it is making descent LH and LL
after breaking marked support the trend has changed from bullish to bearish. support has also been drawn where the price can reach. trade plan has also been shown on the chart
with the price currently in a range that will break in the upward direction because the overall trend is bullish, moreover, DXY is bearish and EXY is bullish which is a big confluence in this bull trend.
the pattern is that whenever the pair makes a new LL it creates a temporary support zone there moves upwards near the fib zone and then comes downward rectangles have been drawn on the chart for more understanding. this time it is also making new LL with temporary support w8 for the price to come at any fib level which has also been drawn and place sell order
the pair has just broken its last HL and has made a new LH now there or two possibilities to trade this setup. the first plan I have written down on the chart for 1hr tf. the second plan is to draw a fib level on 4hr tf from the marked LH and w8 for the price to reach any fib level and then find good entry on 1hr tf
as can be seen on the chart every time the price touches the trendline it is followed by the big bullish candle and now again the price is almost near the trendline and most likely it will follow the same pattern. a good setup can be found on 1hr tf also