Just been playing around with both Time and Price and see this potential reversal Zone for EURUSD.
There seem to be several cycles converging on or around 10 October as evidenced in the chart with Fib Confluences ( top of chart ).
I'm guessing to watch around the .886 - .941 retracement area for signs of reversal should the Bullish pennant act as support.
Note the previous .941 retracement areas on swings...need to see RSI start pulling up as price nears this area and look for possible double bottom with convergence.
Just a thought
There seem to be several cycles converging on or around 10 October as evidenced in the chart with Fib Confluences ( top of chart ).
I'm guessing to watch around the .886 - .941 retracement area for signs of reversal should the Bullish pennant act as support.
Note the previous .941 retracement areas on swings...need to see RSI start pulling up as price nears this area and look for possible double bottom with convergence.
Just a thought
Penafian
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Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.