EURUSD to the upsideee
Hello Hello Hello my friends, it's been a minute..
Here we have a unique set up to take EU long..
Backstory
1. EU has had some strong bearish momentum breaking the lows from Sept 2020. FED rate hikes are likely following fresh inflation fears.
2. We expect a retracement to at least the 38.2 fib from May 2021 high which lines up nicely with Sept 2021 break of structure.
3. EU has just completed leg C of the Cypher harmonic pattern and we looking for a D leg completion before the downtrend retracement to 61.8 of C-D.
Remember, manage your risk as always although this is a high probability set up we could be wrong which is ok.
Have a good week all, share, comment with your thoughts. Peace.
REZNfx
Here we have a unique set up to take EU long..
Backstory
1. EU has had some strong bearish momentum breaking the lows from Sept 2020. FED rate hikes are likely following fresh inflation fears.
2. We expect a retracement to at least the 38.2 fib from May 2021 high which lines up nicely with Sept 2021 break of structure.
3. EU has just completed leg C of the Cypher harmonic pattern and we looking for a D leg completion before the downtrend retracement to 61.8 of C-D.
Remember, manage your risk as always although this is a high probability set up we could be wrong which is ok.
Have a good week all, share, comment with your thoughts. Peace.
REZNfx
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