Yesterday the price drops and formed a lower low, but then the price bounce back, and now they move on H1 trading range, its consolidation phase, looking daily candlestick, small pin bar has formed on the previous candlestick, my forecasting possible the price will move in indecision trend, or move still in sideways between high and low trading range, but maybe I wrong because the market is very dynamic.
Yesterday price EURUSD formed up movement, but still, in temporary movement, eventually price bounce back and landing at equilibrium zone, in my view, this is support zone, if likely later break low, bearish maybe will continue, but if this week still moves on the range, possible the next week will reversal, just follow the market.
The price already break low and clear to the formed bearish market yesterday, based on the daily time frame this is in line with previous support, the trading scenario still looking sell option based on my analysis, looking price bounce first at retracement, but with use stop loss to manage the risk,
Yesterday price temporary down, and eventually move to formed bullish candle, now price land at a high level daily, the pattern is already changed, but still possible the price move on the daily range, but if price break high, pay attention with a reversal pattern.
Monday morning, I don't see any gaps occurs in EURUSD, the candle pattern formed like as usual, looking in the daily timeframe, the market pattern work in consolidation area, it's marked by the current candle,e not yet break the previous candle, if formed triangle pattern, I see if this pattern as a reversal pattern if break high will make the price rising to bullish. but maybe I was wrong.
The price eventually continues to drops and now landing at a low daily price, it becomes two times rejection at this level, if the price break the low, it is possible the bearish trend will inline, but if hard to break it will possible the price will bounce and reached again high daily prices.
The price eventually continue to bearish, its success to break low and formed new low on the previous candle, currently the price move in H1 average movement, price pattern formed a triangle, if possible the price break low the line, it maybe will continue to bearish,
The price eventually decline and formed a long candlestick, after the break the low the bearish is strong, usually after the price move wider range will retrace, now H1 timeframe formed bulls candle but in slow motion, this sometimes becomes a dilemmatic zone, but I think safe to bet for short waiting retracement.
Eventually, price drops in deep on yesterday market, the decline continued previous drops, take a look at monthly timeframe, in September price tend to drops and formed bears candle, however, the price already drops in a wide range, this is possible to consolidation first, but sometimes in strong trend market, the counter wave only in a narrow range. MA signal sell, RSI signal Sell
The price eventually pull back on the last week, now on this morning, I see no gap occurs, the price move in normal, based on daily timeframe the price formed bulls candle, RSI crossing from oversold now at value 35, I think the price will retrace to bullish on this week, but let see what happen later, the price very dynamic and need to keep trade based risk management plan.
