As seen on the 4h chart there is a possible a rising wedge possiblity.
Weekly chart's descending channel is just over the price, 1.20 level is very important because of EU's new Euro decisions.
I am expecting both yellow and red downward lines will be strong resistances.
Thats why must be resdy to a possible reversal in a short time.
If the wedge woorks, after the confirmation 1.60.. should be the target of formation.
In comments you can see, weekly and daily views, please check it.
I welcome comments and likes. thanks in advance.
..........................................................................
Disclaimer: The given information on the chart and comments are not a Financial Advice.
Be carefull abaut your risk assessment and always use stoploss...!!!
..........................................................................
Yatırım tavsiyesi değildir.
Weekly chart's descending channel is just over the price, 1.20 level is very important because of EU's new Euro decisions.
I am expecting both yellow and red downward lines will be strong resistances.
Thats why must be resdy to a possible reversal in a short time.
If the wedge woorks, after the confirmation 1.60.. should be the target of formation.
In comments you can see, weekly and daily views, please check it.
I welcome comments and likes. thanks in advance.
..........................................................................
Disclaimer: The given information on the chart and comments are not a Financial Advice.
Be carefull abaut your risk assessment and always use stoploss...!!!
..........................................................................
Yatırım tavsiyesi değildir.
Komentarz:
Daily view
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weekly view
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Komentarz:
my stoploss level is red horizontal line.
