EURUSD price action
price has made three chart pattern here parallel channel, head and shoulder, triangle.
price has already breakout yellow channel, remaining two chart pattern are in the action.
(1)if price break lower red trend line than it is head and shoulder
(2)if price make support at lower red trend line than it is side way triangle correction to last year bullish trend.
(3) retest of parallel channel after breakout.
support
resistance = upper red trend line, lower yellow trend line, (new higher high on breakout).
price has already breakout yellow channel, remaining two chart pattern are in the action.
(1)if price break lower red trend line than it is head and shoulder
(2)if price make support at lower red trend line than it is side way triangle correction to last year bullish trend.
(3) retest of parallel channel after breakout.
support
- lower red trend line
- 1.16307
- 1.14350
resistance = upper red trend line, lower yellow trend line, (new higher high on breakout).
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