EUR/USD Broadening Wedge?

Hello friends

In the analysis of Sep 28 (at the bottom of the page), I have specified the Range area
And I expected the price to move in this range for some time

According to the following:

Weekly time frame:
- Reaching a strong support zone
- Stoch RSI; After reaching almost zero, the tendency to climb
- MACD; Tendency to climb

Daily time frame:
- Formation of HH and HLs
- Breaking the ceiling of the channel with strength and crossing MA20 and reaching MA50
And then Pullback
- In Pullback, the candles have become weaker and a Pin bar has formed (Long Lower Shadow).
- RSI and Stoch RSI; Tendency to climb

4H time frame:
- The price has pulled back after reaching the ceiling of the descending channel and MA200
- MACD; Tendency to climb

And .....
*I expect a correction to complete for the weekly downtrend
and at least; I expect another HH to form up to the 1.0712 area and reach the MA100 on the daily time frame and form a "flag pattern"

**If the price breaks the 1.0520 support, I expect the price to decline to 1.0461
And if the price breaks the strong support of 1.0461, the trend will be bearish

***However, I will not open a position until the direction of the trend is clear on Monday

be profitable

Thank you for expressing your opinion with likes and comments

Dagangan aktif

Dagangan aktif:

It seems that the monthly candle will close with a green doji

And I'm still waiting for the modification to be completed

Be profitable

Dagangan aktif:

I still believe in this analysis
However, due to the Range Area, we have fluctuations in the price

Be profitable

Dagangan ditutup: sasaran tercapai:

The target was touched

Be profitable