1. AB=CD pattern at 1.1073
2. FIB retracement @ 1.1212 triggered and closed above
3. With a value of 25 the monthly RSI first time after 14 years in the oversold zone
Time for an upswing?
Pls. make your own analysis before trading.
2 weeks ago I have published this trading idea to catch target 2.
Those of you who have done this trade collected more than 520 pips in just 8 days.
We have now seen a Pullback which has formed a nice morning dog star.
I am expecting again a bullish week in trend direction for this pair.
If you like my ideas ...
Remember the chart from 5 of November ( it is linked to this idea)
There I have posted the Fantastic 4 Reasons for a Potential Reversal Zone at 1.2250.
Now we have a Bullish Crap completing with its point D within the PRZ and it seems that it is lifting the Euro
above the bearish trend channel. In December we ...