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jmuzy
Mar 19, 2018 5:54 PM

Could we be heading towards the weekly CTL?! Long

Euro Fx/U.S. DollarFXCM

Description

Top of tha' Mornin' Traders! What a lovely start to the week. The markets seem to be in corrective structures maybe due to low distribution volatility. Too many sellers could be driving the price higher as quotes keep raising. I did my analysis over the weekend, and this is what i have come up with. Ready to see what the markets offer this week!. Displayed are a few harmonic patterns here on EURUSD. a long opportunity that we may anticipate as long as we stay above .83. My sentiment will remain bullish on this pair unless we get a break out of the triangle. I highlighted a trendline in RED that would be a more conservative approach to the longside,in which case you may wait for the break and retest of the RED TL for more confluence. Have a great week!
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