EURUSD: Price is in Harmony

FX:EURUSD   Euro / U.S. Dollar
ON FX:EURUSD             daily chart we have strong channel and harmonic moves inside the channel.

So I am looking the price to enter the red zone and then rally up to the channel resistance. we have very nice R/R of 3.44.
This is a perfect technical opportunity to monitor for the next week.

Have a nice day
Good post, thanks, my take:
Neutral, but preferring longs, looking to buy @ 1.1040 and 1.1010, bit higher than you.
+1 Reply
What I want to do with EUR/USD in next days, sell or buy?
RCP sabu8086
Thank you for the comment. Currently I assume the market will fall @1.1022 according to shorter time frame analyzes, which is the Red Zone on daily chart. Please see the chart below:

So, I the shorting opportunity in next days, before it goes up.
So better to sell E/U?
RCP sabu8086
First of all lets see how the market opens on Monday.
According to my plan it is a good selling opportunity on lower time-frame until the support level and I suggest to sell.
Once price reaches the reversal zone, we should buy, which is a very good opportunity to get involved in.

But the most important at this point is your trading plan, what does your plan tell you, work according to it.
RCP sabu8086
You'r welcome.
We sell, then we buy all the way up.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out