Food4Thought
Long

Harmonic Transition

FX:EURUSD   Euro / U.S. Dollar
647 4 2
The lows have held thus far despite the weak morning data. This pattern looks to be playing out following the previous harmonic reaching a potential reversal target at 1.2935. Should the lows from this morning hold then this pattern has a strong possibility to push towards the marked upside targets.
This pattern has failed definitively. This link shows the bigger picture harmonic unfolding, along with new downside targets.
Reply
Transitioning into a double bottom play based on the slow price action, stop is super tight just below the recent low. As a precaution a binary hedge to protect the bottom should work well here in case of an abrupt drop.
Reply
This pattern has technically been breached with XA failing to hold price action.
Reply
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out