EURUSD ascending triangle on top of daily range
#EURUSD:
The big picture is showing a pausing uptrend, which is confirmed by the price holding above the 200 EMA. This mentioned pause is given by the complex correction in place, with a form of a wide range.
Given these factors, as well as the fundamentals in the same direction, my bias is to the upside. In this case, we have to wait for a range breakout.
*(4H):
Looking closer, we can spot an ascending triangle, meaning that seller are not finding enough power to push the price back to the range bottom again. However, this doesn't exclude a possible downturn if the pattern will get a breakout to the downside.
The big picture is showing a pausing uptrend, which is confirmed by the price holding above the 200 EMA. This mentioned pause is given by the complex correction in place, with a form of a wide range.
Given these factors, as well as the fundamentals in the same direction, my bias is to the upside. In this case, we have to wait for a range breakout.
*(4H):
Looking closer, we can spot an ascending triangle, meaning that seller are not finding enough power to push the price back to the range bottom again. However, this doesn't exclude a possible downturn if the pattern will get a breakout to the downside.
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.