Eur.Usd | 8 H Chart Technical update :
Short Term Trend: Bearish
Long Term Trend: Bullish
Short Term Trend: Bearish
Long Term Trend: Bullish
Resistance: 1.3355 - 1.3458 - 1.3507 - 1.3580 - 1.3650
Supports: 1.3288 - 1.3266 - 1.3232 - 1.3100 - 1.3000
Formation: Wedge
Scenario: As we can see 1 H chart trend is bearish & 8 H, both trends are bearish but we are not able to reach the red support on 1.31 - 1.30 cause we are locked inside the Wedge of 1.3377 Resistance & 1.3288 Support.
Wedge Trading:
A close above 1.3377 its a Bulling of: 1.3588
A close under 1.3288 its a Bearing of: 1.3000
Supports: 1.3288 - 1.3266 - 1.3232 - 1.3100 - 1.3000
Formation: Wedge
Scenario: As we can see 1 H chart trend is bearish & 8 H, both trends are bearish but we are not able to reach the red support on 1.31 - 1.30 cause we are locked inside the Wedge of 1.3377 Resistance & 1.3288 Support.
Wedge Trading:
A close above 1.3377 its a Bulling of: 1.3588
A close under 1.3288 its a Bearing of: 1.3000
Hints:
In a bearish trend we always sell under the resistance
In a bullish trend we always buy above the support
Have a nice day,
Tony .'. Nassar | http://www.TonyNassar.com
In a bearish trend we always sell under the resistance
In a bullish trend we always buy above the support
Have a nice day,
Tony .'. Nassar | http://www.TonyNassar.com
:As we can see on the chart posted November 25:
ReplyDeletewe did pass the white line to reach the red support on 1.3000 and it was also a return point where we moved back bullish till 1.3420
Today the scenario still working:
- As long as we are under the Red Resistance ( 1.3444 ) we move back to bear: 1.3317 - 1.3275 - 1.3232 - 1.3030
- While a close above 1.35 is an end of the bearish channel & a bull back to yellow resistance on 1.40 / 1.41
Check the chart below: http://www.facebook.com/Forex.CFD.Markets?ref=ts#!/photo.php?fbid=468812228399&set=a.227819228399.135241.183835498399