4 hour EURUSD:
Price indeed stopped just before reaching the 50 Fibonacci retracement level yesterday and fell strongly after that for a potential wave 1 (red).
60 min EURUSD:
A potential bearish breakout (red arrows) could occur below support (green trend line).
GBPUSD
4 ho
...4 hour EURUSD:
The contracting wedge had a bullish break but heavy resistance is still above price. If price is still in a wave 4 (blue) then price will usually stop at the 38.2 or 50 Fibonacci retracement levels (invalidation level is the bottom of wave 1 (blue)).
60 min
...4 hour EURUSD:
Price is in between a resistance (red) and a support (green) trend line, which is indicating a contracting wedge.
60 min EURUSD:
A potential bearish breakout (red arrows) could occur below support (green trend line).
GBPUSD
4 hour GBPUSD:
The GBPUSD is for the
...4 hour EURUSD:
Price is in between a resistance (red) and a support (green) trend line, which is indicating a contracting wedge.
60 min EURUSD:
A potential bearish breakout (dark red arrows) could occur below support (green trend line).
GBPUSD
4 hour GBPUSD:
The GBPUSD needs
...4 hour EURUSD:
After completion of the wave 4 (blue), the EURUSD could be headed to lower Fibonacci targets for a wave 5 (blue).
60 min EURUSD:
Yesterday’s rise was unable to break through the resistance trend line (red) and could be part of a WXY (green) correctio
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