EUR/USD H4 vs Monthly (fed taper)
this multi time frame analysis form h1 to monthly time frame from h4 to Monthly
H4 - price has breakout rising wedge pattern, ready to retest lower trend line and make new lower low
Daily - price has retest daily resistance after breakout , making sideway correction below resistance before making new lower low on h4
Monthly - if this month candle make same pattern like it made last month than it would be first sign of trend line reversal , breakout on weekly time frame will confirm. and we will take long entry on weekly time frame
after breakout and retest of resistance. unitl than it is bearish.
fundamental - fed fomc
- fed tapering announcement will change money flow. so we can expect trend line at the end of this month.
H4 - price has breakout rising wedge pattern, ready to retest lower trend line and make new lower low
Daily - price has retest daily resistance after breakout , making sideway correction below resistance before making new lower low on h4
Monthly - if this month candle make same pattern like it made last month than it would be first sign of trend line reversal , breakout on weekly time frame will confirm. and we will take long entry on weekly time frame
after breakout and retest of resistance. unitl than it is bearish.
fundamental - fed fomc
- fed tapering announcement will change money flow. so we can expect trend line at the end of this month.
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