CapMoore

ABCD Pattern Completed

FX:EURUSD   Euro / U.S. Dollar
58 0 3
Price has reached the ABCD pattern completion
at 1,1235. A failure to find support here and price
may continue to the 127 extension/Weekly S1 which
should hold support (on daily timeframe ) in a bullish
trend. Still, the drop from 1,1720 high has been rather
impulsive, though not as impulsive as the move up must
be added. Maybe it is a natural counteraction but could
also signal a medium top in place. Either way, looking
at intraday charts here for a bounce and a buy signal
is the main idea, trading the ABCD pattern . Perhaps on
a retracement after a bounce. Let's see if the level holds
(and the weekly PP).
Minimum target of ABCD pattern is 1,1415 (38,2 fib of whole
pattern)
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
ประเทศไทย
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 Contact Support Ideas Published Followers Following Private Messages Chat Sign Out