Nov 16 2015: NEUTRAL EURUSD 15 Min
(Analysis Based on 15 Min chart)
Observations
1. Short term bear channel
2. Break to the downside of the consolidation zone
3. Possible bullish head and shoulder
4. Price bounced of 1.618 fib inversion
NOTE: Wait for price action to confirm the importance of these levels. Price competed a measure move to the downside. I am expecting some upside correction.
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(Analysis Based on 15 Min chart)
Observations
1. Short term bear channel
2. Break to the downside of the consolidation zone
3. Possible bullish head and shoulder
4. Price bounced of 1.618 fib inversion
NOTE: Wait for price action to confirm the importance of these levels. Price competed a measure move to the downside. I am expecting some upside correction.
If you find this information useful. Please hit the LIKE button.
I may trade all, some or none of the ideas posted. All of my contributions are for educational purposes only. 'TRADE What You SEE'' and all the best!
