jdog1980
Long

Counter Trend EURUSD - ABCD pattern

FX:EURUSD   Euro Fx/U.S. Dollar
I'm not usually a counter trend trader but came across this ABCD pattern on the EURUSD             Weekly chart. Price is currently at the low support line from 1994 1.11. I'll be watching it next week on the daily chart looking for a double/triple bottom. It may continue slightly further to 1.08 support also. Looking for a strong confirmation of reversal before entering. Taking profits at either 1.205 or if there is still upward strength at this point I'll aim for 1.27.