We have reached our target 1.15300. The bearish momentum is very strong.
We will wait for the breakout of the 1.15300 – 1.15100 region.
No important macroeconomic data flow today.
Looking at the harmonic chart patterns, we have Bullish Total and Bullish Crab patterns as shown in the chart. Intraday traders may use those patterns for a bullish correction opportunity.
Midterm traders may take some profit and wait for the breakout of the 1.15300 -1.15100 support to add short. We have published our next target in our previous EURUSD analysis.
Harmonic Trade Opportunity:
TRADE: LONG
AREA OF THE ENTRY: 1.15320 – 1.15200
STOP: 1.14900
TARGET 1: 1.15650
TARGET 2: 1.15850
TARGET 3: 1.16100
This is just a technical study, not a trading advice.
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Comment
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TP 2 Reached... We close 50% of the positions. And Move SL to Entry.