Good spot to load up. 106.5 is critical for long term momentum and the bullish 50 I have mapped out of monthly. PRZ=107.150-106.450 Note vertical timeline. >110 jeopardizes the idea. See linked chart
still looking for more room to run to downside. looking for 107.7-.8.
Deep crab 1.077-750 which is .618 retrace and median line drawn from already mentioned reverse abcd pattern that was hit earlier
if 2350 doesn't hold look for reverse abcd at 2260. I have a 3 driver scenario to the right that depicts the route to the 200 extension from the crisis. That clocks in at 2487. That is the level Id be looking at to short if I traded this beast
If bat fails 115.5-65 looking for reaction ~114
below 46.38 would negate the 50 with next target at 44. On the other hand if the 2.24 extension holds, watch 51 handle. A bullish cypher clocks in at 32 if the .618 retracement doesn't hold. In other words, 46.38-51.00 is the range Im monitoring
Back to 1225-300 support. If we break .886 at 12280, looking for ab=cd to complete at 12115 to test multiyear channel support and EurUsd to test 1.10
Will gartley hold to target abcd completing at 50 fib? If not we target the other, which will be testing multi year channel support. Huge price discovery in the making. Trump rally playing out through harmonics
Chart is clear with fib measurements and sma support. 1.056
A gartley forms on lower TF at .765ish. May have one more drive to 1.618 at 77.42. Targets are highlighted. .745 is area of interest.
May have to revisit thesis if gartley fails at 1.04450. French elections seem to be primary driver despite better than expected econ data.
Schiff pitchfork with cypher and garfish should provide support at 112.7