As I have predicted earlier, EURUSD has successfully bounced from 1.206 horizontal structure support. This week the price has set a nice local bullish trend on 4H with a higher low and two higher highs. I remain bullish biased and expect more growth, HOWEVER:
Now we see a completed harmonic abcd pattern formation.
For next week there are two potential scenarios: 1) The price may retrace from D point of ABCD and only then continue growing or 2) The price may just continue growing to new highs
Safe option is always to wait for a pullback first.
@Rye_Zen that's GBPUSD. I dont think it downtrend is now.. in financial market it can sometimes be hard to predict the top. but currently its on a consolidation channel. if u look closely