EURUSD: Potential to Extend Bearish Targeting Down to $0.83
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This is an update and continuation of this previous setup:
EURUSD has reached the full target of the Bearish Butterfly it formed a few months ago and is now sitting below the lows of the range and is back below the macro trend line. There are a few options one can go with now: take full profits, take partial profits, or hold for a macro break down to the big levels below 1 dollar as it goes for a Type 2 Return, which in this case is the Gartley PCZ between 99-98 cents and the Gartley HOP level down at $0.83. I personally will opt to extend my first main TP down to around 99 cents before holding the rest until around 85 cents, as this looks to be the start of a Monthly ABCD BAMM that is confluent with the HOP at $0.83.
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Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.