The correction is over and new uptrend is started.
Is correction of EURUSD over? The 88.6% of main trend and 161.8% extension of A wave are coinciding. Will this present buying interest?
There are two trade setups are possible first - (1) Sell the forth wave then (2) Buy the fifth wave
A double top is forming on H1 time frame with RSI divergence.
Many things are confirming a short raily as depicted in the chart.
Good fibonacci confluence at D. 78.6XA, 127,2BC AND AB = BC all are clustering at D.
Reversal at Bat's completion is confirmed by the double bottom.
Good place to sell, fib confluence + resistance + psychological handle of 1.53000 acting as resistance.
Good place to sell, fib confluence + resistance + psychological handle of 1.53000 acting as resistance.
Trade opportunity with high reward to risk ratio.