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Dem0n
Nov 11, 2015 3:14 AM

5 reasons to long (elliott & harmonic & candlestick) Long

Euro Fx/U.S. DollarFXCM

Description

  • near uptrend channel
  • wave B(abc) = wave A(wxy) * 0.786
  • wave C(12345) = wave A(abc or 12345) * 1.618
  • CD = AB *1.272(Bullish AB=CD pattern)
  • A morning star pattern in 4H chart




thanks for your watching
Best Regards

Comment

head and shoulders bottom pattern in 4H chart,wait break neckline

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- price pull back after break trendline
- 0.618 retracement

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Bullish morning star in the daily chart:

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pull back neck line or trend line then to up

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a morning star pattern in 1H chart

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Bullish AB=CD pattern
Bullish Bat Pattern
uptrend line
Comments
MuhammadIjaz
Morning star not formed at reasonable support, plus there is two time tested resistance at 1.0808. Pair is also in downtrend so it will go more down min at 1.053. Thanks
Dem0n
Ok, thank you for your comments, I agree with your point of view, and 1.08 is a very important resistance, 1.053 is likely to arrive.I am waiting for a bullish candlestick pattern and break through the downtrend line in the daily chart.good luck with us:)
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