EURUSD

[hunter]

My $0.02 worth of opinion in EU

I think it will go down to 1.4445-1.4370 based on Fstoc (green line [what do you call it?] coming down)

But, @ 1.4370, the resistance (tested 4x) turned support, so far is untested.

[yeahbah]

I Agree.

Checkout the potential AB=CD pattern in H4.

D is at 224% near 1.435

eurusd.gif (29.61 KiB) Viewed 237 times

[hunter]

I Agree.

Checkout the potential AB=CD pattern in H4.

D is at 224% near 1.435

eurusd.gif

cool! lang contradiction... next stop tp1@1.5000 tp2@1.5200

it might reach that point tonight with the NFP report.

[hunter]

Entry options long, I think:

sl@ 1.4345

1.4350 - yeahbah
1.4370
1.4445
1.4485

tp @
1.50
1.52
1.55

[hunter]

From the 3 lines (2 res lines, 2 sup lines), Does it tells you that the Price action is no longer getting higher highs? I mean, can this mean that the trading range is about to be violated? It is no longer touching the upper res line, and the lower half of the chart seems to say that it is consolidating downwards.

What do you think?

[yeahbah]

Mahirap mag preempt. Kapag na break ang support & resistance, dun ka na lang siguro mag decide kung ano gusto mong gawin.

[herwinyu]

Boss Yeahbah, can you say this is a possible inverted H&S in the making?

[washer31]

Boss Yeahbah, can you say this is a possible inverted H&S in the making?

You can validate a h&S by divergence in MACD, in your case i think it is not a valid one.

[yeahbah]

I think so too. Mukhang pilit yung pattern.

[hunter]

is a double top forming?

Fstoc is in the overbought zone and about to come down..

tested 1.48155 twice, last month and yesterday.. will there be a reversal or simply a healthy correction?