FXGomes
Long

The Fantastic 4 - Potential Reversal Zone EUR/USD

FX:EURUSD   Euro Fx/U.S. Dollar
1095 11 17
The Fantastic 4 reasons for a Potential Reversal Zone @: 1.2257

1. - 0.886 Fib Retracement of AD ( bearish Gartley )
2. - 1.272 AB=CD expected bullish completion on current down leg
3. - 1.618 FE Projection of BC             of current down leg
4. - Lower Trendline of Triangle as strong support level expected

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Good analysis ... (y)
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Liked...But where do you get the 1.618 projection from?? Was it meant to be 1.168?
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FXGomes gunne821
It is the 1.618 Projection of BC of current down leg
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gunne821 FXGomes
OK, thnx...You mean the fib retracement at 1.33317, I believe?
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FXGomes gunne821
No i mean the 1.618 projection of 03.10.2014 swing low to 15.10.2014 swing high
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FXGomes FXGomes
you will see it better on the daily chart
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gunne821 FXGomes
So you think, after the bullish completion at 1.272, the EUR will rocket towards 1.618? That's contrary...
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FXGomes gunne821
No this is not what I am thinking.
The bullish 1.272 AB=CD completion is at 1.2248 and the 1.618 FE is at 1.2263 so very closely.

I am thinking that we have a good support zone and therefore a potential reversal zone between 1.2245 - 1.2263 due to:

1. - 0.886 Fib Retracement of AD (bearish Gartley) @ 1.2257
2. - 1.272 AB=CD expected bullish completion on current down leg @1.2248
3. - 1.618 FE Projection of BC of current down leg @ 1.2263
4. - Lower Trendline of Triangle as strong support level expected @ 1.2245

I am not saying that it will rocket, but normally it should complete trigger the retracement of 38.2
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gunne821 FXGomes
Ok, thanks for the explanation...
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Hi. Thanks for sharing. excellent chart. I had that view for sometime. Great to see others also noticing the same features objectively rather than like many just chanting bearish tone to EURUSD dropping to parity or lower.
EURUSD - Likely to Form Reversal Low
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Good Analysis. I have chart publish also for potential bottom in this area.
EURUSD - Could it be the "come back kid"? - Updated.
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