KVE
Long

EUR/USD: Weekly update, long opportunity coming up?

FX_IDC:EURUSD   Euro/U.S. Dollar
184 3 8
Daily bat short still on for TP2 at around 1.1050. Could be a good long from there based on weekly structures...
1.11255 is 0.618 of last move up, we about tested that today..., new AB=CD could be forming and thus eventually bearish 3 drives pattern close to 0.382 retracement of monthly/quarterly downtrend...
Comment: Strong rejection! AB=CD may be on, looking for longs on pullbacks next week...

snapshot
Comment: Trendline broke to the downside...
i am also wondering about lower trend line it could be properly test.
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KVE arif_awan
yeah... I hate it when it doesn't test it..., either we still need to or it's setting up to break through..., like this maybe...:
EUR/USD: Harmonics update, eventually long...


Will be in the back of my mind for some time if we don't test it soon...

Had to mention it in my last idea..., qusimodo and trendline confluence wuold be ideal... ;-):
EUR/USD: Quasimodo forming?
Reply
KVE arif_awan
Look at weekly BB also, not far from shark completion zones...

As I see it we're stuck somewhat, right in the middle of the large correction zone or range if you will, march 2015 low, august 2016 high, right in the middle...
Maybe it will squeeze into a triangle...
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