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Analysis of #EURUSD
Hello friends.
I have been waiting for the EURUSD to drop below 1.200 and I actually have predicted this as you will see in the post below.
Looking at the chart now I can see the market is testing the previous resistance now turned to support, also forming an ABCD pattern that completes just near1.1900 where I will start looking for a bullish behavior to get in a buy trade that meets the rules
let me know in the comment what pair you want to see the analysis for in my next free analysis
Safe trading everyone
Check today analysis below⠀
_____________________________________________________________________________⠀ -Disclaimer: this information is not a recommendation to BUY or SELL. It is to be used for educational purposes only⠀ -Please note this is just a PREDICTION and i have no reason to act on it and neither should you
Is there any possibility of bounce back after Thursday and Friday news hit fall??
Kirimi
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I donno that daily pinbar (25th Feb) is likely to push EU further down to at least 78% retrace that EU is sometimes notorious for (at least according to me) anyway time will tell
profitalztrading
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Wonderful analysis! Looking for the same!
lmulhare
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The A-B impulse was 251 pips, which measures for a move to ~1.1862, which is near the bottom of the support range you've highlighted. Thanks for sharing :)
TheTradersAvenue
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@lmulhare, thanks for the comment friend, it gives us a zone to start looking for an entry, are you looking for a buy as well?
lmulhare
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@TradingAxis, You're welcome. I'm looking to short now after the bounce from 1.1893 rejected at the 0.236 Fib level.