Looking for signs of reversal hopefully around the .618 fib retrace. Expecting to see a completion of the AB=CD pattern, for a long of the EURUSD. We clearly have a PRZ around the .5 fib, but I'm really hoping to see that CD leg run up to around 97.50. I'm pretty new to forex, so this is mostly to give my self an easy way to check up on my ideas :)
This is the first "idea" I'm posting here and I consider my self quite new to this. Pretty basic stuff and no predictions - just want to point out, that three important resistance lines are crossing just above our heads. The following week we'll properly touch the daily MA50, the top trendline of the down trending channel + the $54 resistance. All are in the...