FX:EURUSD   Euro / U.S. Dollar
So guys its been a while since this pattern showed up on the radar...

Still bullish bias

Clusters at ab=cd and the 23.6% retracement, indicates that the buyers should be stepping in to the market around these levels, especially when you see how price reacted.

Besides that, its not a bad idea to go in the direction of a harmonic pattern after a pullback to 38.2%...
You should know that harmonic patterns is but Elliot corrective waves. This then leads to the opportunity of getting in at motive wave 2.

Still I would not recommend that you blindly place your entries around these levels, since Elliot waves are very complex and most of the times you are not looking at a fresh wave count.

Dont forget to like the chart if you enjoy the analysis and make sure you comment your thoughts below!

God bless and happy trading


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