Here I have EUR/USD on the 4 Hr Chart!
Price made a good push to the Upside surpassing the Highs earlier this month but then getting caught up by the Highs of April
Currently Price is bouncing back and forth between the Falling Resistance and Rising Support.
Potential False Break zones for both Resistance and Support are marked by the High and Low Points starting the pattern!
Pennants are patterns where the fight between Bears and Bulls is equal and eventually one will win out the other, this will be followed by a STRONG, CONVINCING Break of Pattern and Close to Validate the movement.
Fundamentally this week for both EUR and USD will be Flash Manufacturing & Services PMI being released Thursday!
As Indicators go:
-Above 200 EMA
-DSR Assist
-Above 50 RSI
-Super Nova Layout +3
Price made a good push to the Upside surpassing the Highs earlier this month but then getting caught up by the Highs of April
Currently Price is bouncing back and forth between the Falling Resistance and Rising Support.
Potential False Break zones for both Resistance and Support are marked by the High and Low Points starting the pattern!
Pennants are patterns where the fight between Bears and Bulls is equal and eventually one will win out the other, this will be followed by a STRONG, CONVINCING Break of Pattern and Close to Validate the movement.
Fundamentally this week for both EUR and USD will be Flash Manufacturing & Services PMI being released Thursday!
As Indicators go:
-Above 200 EMA
-DSR Assist
-Above 50 RSI
-Super Nova Layout +3
Trade ist aktiv
Sell Entry @ 1.0845SL @ 1.0855
Anmerkung
Price gave a STRONG BEARISH BREAK and came back to Retest the Break of Pattern!We are seeing price react nicely!! Deep Fall Incoming!!
Anmerkung
Euro is weakening looking at Rate Cuts as soon as JULY!!USD Rate Cuts for Sept down to ~60%!!
This looks pretty strong for USD!!
Trade wurde manuell geschlossen
EUR had some IMPRESSIVE Services and Manufacturing PMI numbers!! Decided to close Sell Positions!
Looking for Buy Opportunities now!
Trade ist aktiv
Buy Entry @ 1.0833SL @ 1.0810
*Will be adding positions after USD news this morning!!
Anmerkung
Price has found itself back up into the pattern before USD news!! Looking for price to test the Rising Support of the Pennant patternTrade wurde manuell geschlossen
What a Wild Day!!I was at work so I was only able to check markets on break BUT here's an update:
-Close the Buy Entry once price came up to the Falling Resistance than showed reaction at the level.
Trade ist aktiv
Took a Sell Entry @ 1.084SL @ 1.0855
Added ANOTHER Sell Position @ 1.0815
For All Things Currency,
Keep It Current,
With Novi Fibonacci!
~~~~
Join me in Patterns To Profits on Discord
- Live pattern breakdowns
- No signal selling / - No Guru Hype
- Just structure and probability
- discord.gg/zKWvwJgFq
Keep It Current,
With Novi Fibonacci!
~~~~
Join me in Patterns To Profits on Discord
- Live pattern breakdowns
- No signal selling / - No Guru Hype
- Just structure and probability
- discord.gg/zKWvwJgFq
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.
For All Things Currency,
Keep It Current,
With Novi Fibonacci!
~~~~
Join me in Patterns To Profits on Discord
- Live pattern breakdowns
- No signal selling / - No Guru Hype
- Just structure and probability
- discord.gg/zKWvwJgFq
Keep It Current,
With Novi Fibonacci!
~~~~
Join me in Patterns To Profits on Discord
- Live pattern breakdowns
- No signal selling / - No Guru Hype
- Just structure and probability
- discord.gg/zKWvwJgFq
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.