Could be covering some ground here, to obtain some better short positioning on euro all round. General trend bearish since '08, and it didn't have the power to break through to the upper side of the wedge. Instead, we saw accumulation above the pivot in April before a pretty clean break of the wedge bottom, with pullbacks occurring and not being able to close...
I am looking at a Long Position to 113 TVC:EXY
Based on the Harmonic Pattern Drawn, I look for the Retracement of the final leg (D) to go 50% on Fibonacci which lies around 113 range
This is not a recommendation to take this trade
This trade was posted for educational purposes only