11021992
Short

EURUSD: It's happening again traders

FX:EURUSD   Euro / U.S. Dollar
Hi traders,

On the EURUSD             we have another possible breakout. The red line is a trendline , but turqoise line is the expected price movement after the breakout.

Cheers
Comment: Looks like we have a breakout to the downside to me.
Comment: :)
Comment: Target 1 hit. Next target is very likely to be lower than the 1.04300 on the chart.
Comment: So far, price is doing exactly as expected. Let's see if we can make another low.
Trade closed: stop reached: Stop hit, made some profit here.
My view on the EUR/AUD and EUR/USD for this week https://youtu.be/hDryiC6wJHg

Interested in learning about harmonic patterns? PM me :)

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I would wait for a divergence or for the price to test the trendline, but the pattern looks good. Good luck!
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I guess it just broke out!!!!!!!!!
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11021992 PRO rafaeltrades
@rafaeltrades, Looks like it!!!!!!!!
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@11021992, are you entering the trade?? I will on demo!!!!
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@11021992, Market order at 1.05633; SL 1.06024; TP 1,05636. What do you think??
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11021992 PRO rafaeltrades
@rafaeltrades, I think you typed the target wrong.
I would go for any of these, depending on what you prefer:
snapshot
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good idea but need to watch when breakout both the red trendline and fibo (23.6) @ (1.05599),otherwise it will go bullish which is with the trendline
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11021992 PRO myfxtrade1
@myfxtrade1, Agreed, it's always best to wait for confirmation.
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Keep up the good work
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11021992 PRO RonaldBottass
@RonaldBottass, Will do, thank you!
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