scxlper

EURO/USD Long POSSIBLE uptrend Coming?!

Long
FX:EURUSD   Euro / U.S. Dollar
Euro/Usd is one of the most volatile pairs I know. The first arrow was my intention that it would go up. Wayyyy too much bearish momentum. Once it broken my trend line going up. A sell order could have been placed for about 200 pips. There are different types of harmonic patterns. Crabs. Butterflies. Etc. I used a fib ratio (key numbers are .61 , .38 , & .23 i think) . Currently it makes a harmonic pattern at the .38 level (which is a blue support line). It could go down a little more though and touch the .23 area. Personally, i would wait a day or two to see. Then ride it upwards. Having it be really bearish the last few days, it'll have to go up soon because the market needs to "recover".
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