Euro / Dollar AméricainMis à jour Pennant - EU
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
Transaction en cours
Sell Entry @ 1.0845SL @ 1.0855
Note
Price gave a STRONG BEARISH BREAK and came back to Retest the Break of Pattern!We are seeing price react nicely!! Deep Fall Incoming!!
Note
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 fermée manuellement
EUR had some IMPRESSIVE Services and Manufacturing PMI numbers!! Decided to close Sell Positions!
Looking for Buy Opportunities now!
Transaction en cours
Buy Entry @ 1.0833SL @ 1.0810
*Will be adding positions after USD news this morning!!
Note
Price has found itself back up into the pattern before USD news!! Looking for price to test the Rising Support of the Pennant patternTrade fermée manuellement
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.
Transaction en cours
Took a Sell Entry @ 1.084SL @ 1.0855
Added ANOTHER Sell Position @ 1.0815
"An investment in knowledge will pay the best interest." - B. Franklin
Novi's Trading Channel
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Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
"An investment in knowledge will pay the best interest." - B. Franklin
Novi's Trading Channel
t.me/+l3fTcsZu91ZiZDkx
Novi's Trading Channel
t.me/+l3fTcsZu91ZiZDkx
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.