Hello everyone!
Very nice long opportunity on
EURUSD
.
The chart says everything. So, what we have here:
1. Diagonal structure trend line, which acts like a magnet, as we see the support has become resistance @1.1330
2. 1.1330 is the completion level of bearish bat pattern and ABCD pattern.
3. we grabbed some profit from this pattern trading and the price came at B level which is a nice support for price to go long.
4. 1.1033-1.0.85 is a very nice reversal zone, where we can place our buy limit orders to go long.
5 Target will be the resistance of the trend line with the confluence of fibs 1.618.
6. If the price will not break this level and makes double top, then comes another opportunity to go short.
So, this is a brief analyses of the daily EURUSD chart.
--
www.rcpforex.com
Very nice long opportunity on
EURUSD
. The chart says everything. So, what we have here:
1. Diagonal structure trend line, which acts like a magnet, as we see the support has become resistance @1.1330
2. 1.1330 is the completion level of bearish bat pattern and ABCD pattern.
3. we grabbed some profit from this pattern trading and the price came at B level which is a nice support for price to go long.
4. 1.1033-1.0.85 is a very nice reversal zone, where we can place our buy limit orders to go long.
5 Target will be the resistance of the trend line with the confluence of fibs 1.618.
6. If the price will not break this level and makes double top, then comes another opportunity to go short.
So, this is a brief analyses of the daily EURUSD chart.
--
www.rcpforex.com