Shuael's Blog

Avatar

EUR/USD double top and retracement down

Situation :
Eur/usd is in a clear uptrend from long term prospective.
A little retracement is in action but the price , in the past week is gaining back some ground lost.
I'm expecting a double top formation and then for the price to retrace again for a short period of time.
Weekly chart:
Pointed out main support and resistence areas
Daily chart:
Possible scenario
Ler história completa
Traduzir para Inglês Mostrar original
Shuael avatar
Shuael 28 Dez

I used a wrong timeline, setted on the 20 of feb.

oudeixar comentários
Avatar

EUR/USD Prediction 1st of July

Weekly chart:
On the weekly chart i draw a fork which indicate a possible short movement of the price because it couldn't pass the median line.
Daily chart:
On the daily chart i draw the possibhle scenario considering the weekly analysis.
I expect the price to move lower the 61.8 fibo level and retest the previous lows.
Ler história completa
Traduzir para Inglês Mostrar original
oudeixar comentários