FX:EURUSD   Euro / U.S. Dollar
92 0 1
EURUSD             bouncing off strong support, and a just finished a harmonic exhaustion pattern, at the end of a huge AB=CD pattern. I feel like recently I have seen many charts from traders who are willing to just trade any harmonic pattern they see regardless of structure and pretty much all other outlying factors. Harmonic patterns are a great reversal patterns, but like all patterns they need to supported with other evidence of a reversal, as part of a wider trading system, to be used effectively. This is a perfect example. I will be watching this early next week in a tighter time frame looking for a quality long position to get into.

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