$EURUSD comparison with May 16

FX:EURUSD1D

Euro Fx/U.S. DollarFXCM

Description

⋅ Dec 10, 2016 2:33 PM

EURUSD May-Jul price/action suggests a bounce back to 1.08 before lower. Not oversold.

EURUSD

Comments

elroytrader1

⋅ Apr 21, 2017 9:40 AM

Closed, worked.

AhmadFarhan

⋅ Dec 10, 2016 3:31 PM

How do u determine which fractal to use?

elroytrader1

⋅ Dec 10, 2016 3:34 PM

@AhmadFarhan, Just look for one that fits best. I try dozens that don't work, the ones I published are where I find a reasonable fit.

AhmadFarhan

⋅ Dec 10, 2016 3:36 PM

@adatherton, Thx for the prompt reply, ok I assume that you have found the best fit, now how do u determine that we need to look for a new one? Also, if this plays out how much lower are we ultimately headed?