Now we come to the M15, We have this looking like a (Descending triangle) It seems we are at resistance right now
{quote} EU did range trading at this trendline resistance, After that EU is dropping , And where we are now is also support, If it fails Then next Trendline support is at 1.1059, 55, Btw If EU want to continue this drop, So it should at least come back to 1.1080, 1.1083, Let's see what happens, first! M15: {image}
{quote} Bullish divergence is forming in M15!
{quote} Maybe, It will formed at 1.1058, 55, Here is the some hope, Let's see...
It looks like a head and shoulder pattern
On Friday we took Trendline support from 1.1069 and closed 1.1085, So based on H1 We have current trendline support at 1.1071, & trendline resistance at 1.1096!{image} And if we look at H4, We have trendline resistance around 1.1138, 45, Support at here 1.100!{image}And now we come to the M15, We have this looking like a (Descending triangle) It seems we are at resistance right now, And support is at some 1.1075, & next at 1.1063, And if this resistance fails, We have a few more levels, As 1.1094, 1.1109, 1.1119, & 1.1137!{image} Next update, After...
{quote} Yeah it seems so, We have to go up to load the shorts!
{quote} good analysis bro
{quote} it can but be careful with H&S neck as it can become resistance
Good morning friends, I don't think we'll see last week's highs again anytime soon in my opinion. btw i'm bullish so i prefer to go down first to montly pivot and then up my two cents
Btw where is montly pivot! {quote} Good day sir,
{quote} Maybe, It will formed at 1.1058, 55, Here is the some hope, Let's see...
{quote} If it bounces from here, So should go to at least 1.1073, 77!
there is another round number that I like a lot: 1.0950 which should be very close to the daily support trendline but who knows... it's early to say
{quote} If it bounces from here, So should go to at least 1.1073, 77!
{quote} if this is the end then yes it can correct itself upto 75 76 but we should not forget strong bears at area around 70
