BLUE43

EURUSD IF BROKE 0.382 GO TO 0.5-0.618 AREA ABCD CORRECTION OR

FX:EURUSD   Euro Fx/U.S. Dollar
359 6 38
ON BOUNCE CAN RETEST THE LAST HIGH
Comment: any comment please?
I think it likely to bounce back to retest the previous high
+1 Reply
A) Fall to 1.115
B) Rise to 1.145 then fall to 1.115
C) There is no plan C.
+2 Reply
ForexDreams ForexDreams
Correction: B) Rise to 1.149 then fall to 1.115
Reply
There is a news for Eur early morning
Reply
Nice, you asked for comments, so here you go...: ;-)

TP1 for daily bat is coming up, possible 4H bullish bat and H&S around that area (1.1220 about where your 50% retracement is...). Not a very strong case though atm for me, basically because it's not clearly backed by momentum and the lower trendline is there too possibly drawing PA in... (your red arrow supports that, that's also my next buy zone...)

Still, enough structure around 1.1250 to 1.1220 for me to publish this (alternative long is there also):
EUR/USD: 4H bullish bat to resume uptrend or complete H&S?

We'll see...
Reply
Watching this on 1H...:
EUR/USD: Possible Gartley or simple breakout...

Looks weak and about to break, again we'll see...
Reply
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