FXGomes
Long

Fantastic Four part II

FX:EURUSD   Euro Fx/U.S. Dollar
102 3 1
Remember the chart from 5 of November ( it is linked to this idea)
There I have posted the Fantastic 4 Reasons for a Potential Reversal Zone at 1.2250.
Now we have a Bullish Crap completing with its point D within the PRZ and it seems that it is lifting the Euro            
above the bearish trend channel. In December we also triggered the RSI below 20 which might had also
give a positiv impulse for the bulls. Let´s see if the train changes the direction for a major retracement of the
current down trend.

If you like my ideas pls. click the like button :-)

Just my personal interpretation on these charts, make your own analysis before trading.
DanV MOD
2 years ago
You mean a bear trap at point D for reversal?
Reply
FXGomes DanV
2 years ago
Actually it should not be a trap. I guess bears would and did not shorten at this level. :-)
But yes a reversal. If I remember well you posted once one of your charts on my last idea. Guess we have the same bullish view on EUR/USD
Reply
DanV MOD FXGomes
2 years ago
Yes agreed. I think may are still trying to short EUR with 1.2 target so they could be caught on the wrong side.
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