Dear Trader,
1-There are two types of channel on eurusd chart,
First bullish channel and second bearish channel respectively.
2- If price doesn't break bullish channel as well as
bearish channel then price may rally upto 1.0960- 1.0970,
after reaching this level price may fall upto 1.0800-1.0790.
3- If price reaches to the level of 1.0800 from 1.0970
then we will get one shoulder and head after it Posssibility of
head & shoulder will increase.
4- If Ascending Broadening Wedge doesn't break support line on 1.0800 ,
then price will look for next resistence level (which is on 1.0970).
"Green ellipse will be breakout Area" (1.0880-1.0860).
Target for long: 1.0923,1.0960
Target for short: 1.0860, 1.0800 (if head & shoulders becomes then target will be 1.0700,1.0640).
Note: Everything works with Best money management.
Note: Please leave comments for any query.
Disclaimer: Trade at your own risk.
Good Luck...!!
Regards,
Growing forex Team
1-There are two types of channel on eurusd chart,
First bullish channel and second bearish channel respectively.
2- If price doesn't break bullish channel as well as
bearish channel then price may rally upto 1.0960- 1.0970,
after reaching this level price may fall upto 1.0800-1.0790.
3- If price reaches to the level of 1.0800 from 1.0970
then we will get one shoulder and head after it Posssibility of
head & shoulder will increase.
4- If Ascending Broadening Wedge doesn't break support line on 1.0800 ,
then price will look for next resistence level (which is on 1.0970).
"Green ellipse will be breakout Area" (1.0880-1.0860).
Target for long: 1.0923,1.0960
Target for short: 1.0860, 1.0800 (if head & shoulders becomes then target will be 1.0700,1.0640).
Note: Everything works with Best money management.
Note: Please leave comments for any query.
Disclaimer: Trade at your own risk.
Good Luck...!!
Regards,
Growing forex Team