Irregular bullish Ichimoku Cloud with falling Senkou Span A and B; a new dead cross of Tenkan-sen and Kijun-sen with falling lines.
EUR/USD found a double bottom
Recommendation: BUY 1.1645 SL 1.159 TP1 1.1705 TP2 1.174 TP3 1.179
On the daily chart of EUR/USD, bulls are trying to form a double bottom with the help of a bar with the long lower shadow. Bears are still hoping to trigger AB=CD pattern with targets 127.2%, 161.8%, and 200%.
On H1 of EUR/USD, the “Shark” pattern is transforming into 5-0. Within it, the odds of a pullback towards 23.6%, 38.2% and 50% increased. If bulls managed to conquer resistance at 1.1645, the pair will trigger a “Broadening wedge”.
Expanding bearish Ichimoku Cloud with falling Senkou Span A; a new dead cross of Tenkan-sen and Kijun-sen with falling lines.
Narrowing bearish Ichimoku Cloud with rising Senkou Span A; a new golden cross of Tenkan-sen and Kijun-sen.
The last "Pennant" pattern has been broken, so bulls found resistance at 1.2915. Nevertheless, the market is likely going to move on, so we should...
USD/CHF remains weak across the board and stays strong with a bearish consolidation below the 200 SMA at H1 chart…
There's no any reversal pattern so far, so the market is likely going to test the nearest resistance area in the short term...