The pair has been in a descending channel in the weekly time frame. Hoping the short and the top of the channel, targeting the bottom or atleast halfway. The 21 and 8 EMAs have crossed for a sell and the head and shoulders is being retested. Entry is after a confirmation candle on the h4 time frame.
I made this analysis last night but I didnt publish... I see a strong reversal of the EURUSD in the long term but it has retested a yearly trendline. Should really wait for the bounce. I entered just after the pinbar on the H4.
An inverted head and shoulder formed all through the ending of September. Signalling a buy, my RRR will be going big on a little
A lovely entry just formed up with this engulfing bar, if you missed the beginning of the trend. Let your winner run
The EG has been ranging between 0.93 and 0.85 all month. Waiting to trade a breakout or reversal at this current area. The RSI and MACD say buy though
The pair is in an overall uptrend but broke out of the larger channel over the week then retested it before continuing in a downtrend. Exhaustive candles are also forming so this might turnaround earlier than the entry area. The MACD histograms also speaks of weakening of the uptrend Let's see how price treats the 23.6% level before making decisions. I'll tuck...