On the chart of the EU currency pair, I see:
D1: falling to the old bottom and rebounding sharply creating bullish Bululf Engulfing candles (near the standard);
H4: Increasing from the lower half of the downward channel, closing the candle at an important price zone, likely the end of the ABC correction wave of the Elliot wave
H1 has increased and decreased the trendline
I expect a recovery for this pair. I will buy up by 2 options:
1. Wait for break peak H1 and Buy retest = be cautious (in black)
2. Buy when price drops to FIB 50 area, 61.6% = risk (purple line)
P/s: This is my personal opinion, not a trade recommendation. I am not responsible for anyone's trading results.
D1: falling to the old bottom and rebounding sharply creating bullish Bululf Engulfing candles (near the standard);
H4: Increasing from the lower half of the downward channel, closing the candle at an important price zone, likely the end of the ABC correction wave of the Elliot wave
H1 has increased and decreased the trendline
I expect a recovery for this pair. I will buy up by 2 options:
1. Wait for break peak H1 and Buy retest = be cautious (in black)
2. Buy when price drops to FIB 50 area, 61.6% = risk (purple line)
P/s: This is my personal opinion, not a trade recommendation. I am not responsible for anyone's trading results.
Trade closed: target reached:
The EU currency pair has followed expectations 1 and surpasses the target...