After studying the EURUSD chart, I think I may have found a repeating pattern.
The RED pattern has already been completed and printed with its final move ending back in 2015. This has given start to what it seems a repeating BLUE pattern that is mimicking the RED pattern on a smaller scale.
For now it is perfectly following the bigger RED pattern. We have printed exactly the points A. B. C. and are currently at point D.i. If the BLUE pattern really is a repetition (which it currently seems it is), then we are to see a leg up to D.ii. This will be the final move to prepare EURUSD for its final leg down of the BLUE pattern to PARITY.
How realistic is this?
Well with DXY currently breaking mid-term resistance to new highs and printing 101 it is a strong sign that it will continue to strengthen for the mid-term. This supports an EU move to parity and the completion of the repeated pattern!
PS: Sorry for the ugly chart
Safe and Successful Trading!
The RED pattern has already been completed and printed with its final move ending back in 2015. This has given start to what it seems a repeating BLUE pattern that is mimicking the RED pattern on a smaller scale.
For now it is perfectly following the bigger RED pattern. We have printed exactly the points A. B. C. and are currently at point D.i. If the BLUE pattern really is a repetition (which it currently seems it is), then we are to see a leg up to D.ii. This will be the final move to prepare EURUSD for its final leg down of the BLUE pattern to PARITY.
How realistic is this?
Well with DXY currently breaking mid-term resistance to new highs and printing 101 it is a strong sign that it will continue to strengthen for the mid-term. This supports an EU move to parity and the completion of the repeated pattern!
PS: Sorry for the ugly chart
Safe and Successful Trading!