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VasilyTrader
Jan 23, 2021 12:15 PM

EURUSD: Still Bullish BUT ... Long

EUR/USDOANDA

Description



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.
Comments
JAYGRAFTTHETRADER
Long
VasilyTrader
@JAYGRAFTTHETRADER, thank you for comment my friend 🙏
shahin7trd
I think it's short
VasilyTrader
@shahin7trd, thank you for comment!
VasilyTrader
What do you think will happen next week?
AlkalineFX
We will have to see where the DXY is at!
VasilyTrader
@AlkalineFX, thank you for comment buddy :)
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