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nimit.chomnawang

20181212 W-formation seen in EURUSD

Long
Euro / U.S. Dollar (FX:EURUSD)  
nimit.chomnawang Updated   
FX:EURUSD   Euro / U.S. Dollar
Double Top or Bottom Oscillators graphreaderpro
1
0
doubletoporbottom oscillator graphreaderpro
After a fast decline in price of EURUSD in latter sessions of 20181211, the pair had formed a W-pattern and the price has been slowly heading upward. This W-formation occurred around the bottom white line which was the line automatically generated by the Graph Reader Pro 4.0 for TradingView. A price advancement of at least +30 pips is expected.
Comment:
The price has been up over +50 pips.
Comment:
Based on average daily range of 78 pips. The price might be able to go up as far as to 1.14000 USD/EUR.
Trade closed manually:
The price went up more than 60 pips but not arrived at 1.14000 USD/EUR.
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