MONTHLY CHART WE ARE AT MAJOR MAJOR DECISION ZONE. CROSSING 1.03 ZONE WILL BRING THE POSSIBILITY OF EU REACHING PRICE OF 90 OR EVEN RETESTING THE LAST LOW IF 0.82
SO WHAT NOW? HERE ARE FACTS: RIGHT NOW WE ARE RIGHT ON 1. ABCD PATTERN 2. MAJOR FIB LEVEL 1.271 3.MAJOR MONTHLY SUPPORT WITH BACK UP SUPPORT ALL THE WAY TO 1998 4. DOUBLE DOWN POSSIBLE TRIPLE DOWN IF THIS ZONE HOLDS 5.AND PATTERN THAT IT MIGHT BE OVER LOOKED IS SHS WHICH IT HAS BEEN COMPLETED
THERE IS NO DOUBT IN MY MIND THAT THE PRICE WILL RICH 1.0300-1.0350 ZONE THE QUESTION IS IF IT IS GOING TO BREAK 1.03-1.05 STRONG SUPPORT ZONE IF YOU BEEN FOLLOWING MY CHARTS YOU KNOW UNLESS I HAVE 80% SUPPORT OF TECHNICAL I WILL NOT GO IN THE TRADE BLINDLY.
POSITION TRADE: STOP SELL ORDER BELOW LAST WEEK LOW STOP LOSS MINE IS 200 PIPS FIRST TP 200 PIPS TP 2 1.01 - 1.0050 THEN I WILL REEVALUATE AGAIN
NOW IF THE TRIPLE DOWN AND ABCD PATTERN CAN OVER POWER SHS PATTERN AND WE HAVE A BULLISH RUN WE'LL SEE AFTER AND REEVALUATE AFTER THE TOUCH OF 1.0350