phi35
Long

Seems to be the first leg up. $EURUSD

FX_IDC:EURUSD   Euro/U.S. Dollar
It seems the correction is over and the first leg up is is development. With some fibonacci analysis I calculated some confluence zones (blue horizontal lines and a blue zone) and made a forecast, how the pair could develop.

It wouldn't be wrong to be aware, that the correction could continue by making another formation. For now, #bullish
Comment: By the way, I would wait for the massive correction down to (2) after it reached (1) before opening a long position.
Comment: It seems wave (3) of 1 is an extension. Wave 5 will be therefore a very brief move.
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
Việt Nam
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Priority Support Contact Support Ideas Published Followers Following Private Messages Chat Sign Out