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ICFX
Jan 20, 2021 1:25 PM

Possible scenarios Long

Euro Fx/U.S. DollarFXCM

Description

EURUSD daily and weekly.

Morning Star is of concern. Its is very bullish pattern. It is foloowed by pinbar / umbrella (should be formed today) 80 percent of times price goes up for 4-5 days.

Price is ar R3-R4 monthly reversal zone at 8 weeks KAMA support.

IF shelf is broken - price will slip down to 1.200 (will bounce at 1.20) and might fall even lower.

For educational purposes.
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