Euro / Dollar ASDiupdate EURUSD 15/6/19 Analysis
D1 chart
15/6/19
Bullish bias facts:
1 - Trend D1 has made new HH, market structure shows bullish movement currently making retracement nearing good support area (strong sharp ichimoku kinko hyo line)
2 - Recently price made a double bottom at D1 and has broken the bearish TL area as well.
3 - Potential inverted a complex head and shoulder completing at the same support area and TL that was broken.
HOWEVER, at D1 price action has not indicated any sign of reversal.
H4 chart
H4 shows doji candle as a sign of reversal nearing the nearest previous support, forming after the wick candle (favourite reversal candle). Potential price retrace to the nearest resistance around 18p. Or price could continue to the lower D1 support at 17p. Zone marked in yellow box.
Looking for price to make HH at a smaller TF or a good green candle to confirm the reversal (morning star formation) IF looking for a safer entry.
Trading ditutup: target tercapai
Target 1,2 and final achievedCatatan
Catatan
Price did not break the previous resistance. Hi candle spike shows price rejected the area.
Setup S2 from H1 TF (double bottom & breakout) void when price did not break the resistance to make a new high.
Price went back down to test the D1 support area.
1- D1 has a stronger support area with solid candle & not just wick.
2- D1 support overlaps with the area where previous downtrend TL breaks out from.
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