There is this Bearish ABCD Chart in EURUSD. Due to strong Fibo Confluence at 161.8 and 190.2 Fibo level, there will be a possibility that the Point D of ABCD will rally up to one of these level before making a strong retracement.
Currently The Point D has push over 127.2 level and is making pull back now.. i would presume this is a small pullback prior to next upward movement.. Hopefully Fibo 50 ans 61.8 will hold it up and push the price action up ahead..
Comments
alyousaf
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this seems to be more accurate trend as per my experience