EURUSD Shot on completion of D leg of pattern
My personal CST score for the pattern.
Major Structure 2
Additional Touch within same zone 1
RSI will most likely be oversold when we reach it 1
And we have the darn 200 DMA for additional bounce 1
Score gives me a 7 which is pretty nice :D
I think if we do ...
Don't think the head and shoulders will pull through but I do believe we will be able to test that resistance one more time before heading south. As I have a Bullish sentiment towards the dollar still.
Reasons I don't think we will see a run past the resistance.
End of 5th wave came to fruition harmonic move for ...
Going to short if we reach resistance I don't believe we have seen the end of the move down for the day just the first leg. Pulling back to resistance an then a further drop to next major support seems the reasonable bet.
I am a bit bias as the I think we will see the fed Hike rates this year still maybe not Sept but in Oct/Nov Possibly. Consumer confidence was way high which could lead to inflation which is the only piece of the puzzle we are missing.