We have left the uptrend-channel and reached both TPs of my in my former view illustrated bearish H&S. As Long as we are trading below that trend, the momentum is bearish. Further downwaves can be exspected. Breaking through todays low means aiming the next Support @1.1155 Although theultrashortterm is bearish, the RSI signs a weak buying-signal or oversold Situation.
1.1230 is the Level to watch! Only above that Level, the momentum turns again bullish.
Supports: 1.1175/1.113/1.1075/ 1.1045
Resists: 1.12/ 1.123/1.126/ 1.1294/1.135
1.1230 is the Level to watch! Only above that Level, the momentum turns again bullish.
Supports: 1.1175/1.113/1.1075/ 1.1045
Resists: 1.12/ 1.123/1.126/ 1.1294/1.135
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Dangerous, dangerous! eurusd in the abyss!!!
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reached tp1 min tp h&S
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we are now trading near tp 2 , the max tp of the h&s - this is the next action point..here is also based the downtrends bottom which should be temporarily supportive
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sometimes it feels so easy.....
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what a day... corrective tp reached
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the holy fibo 61,8 stopped the show..
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built new "3" adjusted overview:
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it looks like a bearish h&s
