support 1.16200
resistance 1.16640, 1.15750
bullish as long price trading above white lower trend line
bearish on breakout of lower white trend line.
pice has made double top at daily resistance which end of channel before breakout.
if price makes support at lower trend line than it can break this daily resistance, making higher high up to 50% retracement.
bearish target from daily resistance is 1.14927 (50% retracement target for bears form this year high )
bototm of this white channel was made in weekly support zone, which had made hammer candlestick
on weekly and h1 price is bullish while on daily it is bearish because of resistance.
(this was multi time frame analysis of eurusd on single image)
resistance 1.16640, 1.15750
bullish as long price trading above white lower trend line
bearish on breakout of lower white trend line.
pice has made double top at daily resistance which end of channel before breakout.
if price makes support at lower trend line than it can break this daily resistance, making higher high up to 50% retracement.
bearish target from daily resistance is 1.14927 (50% retracement target for bears form this year high )
bototm of this white channel was made in weekly support zone, which had made hammer candlestick
on weekly and h1 price is bullish while on daily it is bearish because of resistance.
(this was multi time frame analysis of eurusd on single image)
