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Tumi_Sosa
May 18, 2017 2:57 PM

EURUSD - Long Term Analysis Long

FX:EURUSD1M
Euro Fx/U.S. DollarFXCM

Description

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I did a nice monthly review on the EURUSD. Way too much confluence on this currency pair.

1. We have been trading a major correction this whole time.

2. Major flag

3. ABC Pattern.

4. Bullish Butterfly.

5. MACD

I placed a PRZ where price can reverse. If price continues to drop and leaves the harmonic patterns PRZ box from the bottom im no longer interested in this pair.

Im looking forward to seeing how this plays out.

Lets see what happens.

:)

Trade closed: target reached

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Excellent trade. Please take a profit
tradertradersloungeHarmonic PatternsForexAB=CDcorrection
Comments
JasonTerry
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Great markup. makes me think differently about this one. I was thinking it might have another impulse down before reaching that level.
Tumi_Sosa
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@JasonTerry, Yes that could happen too. Looking forward to seeing it play out. really appreciate the comment :)
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