VasilyTrader

EURUSD: Still Bullish BUT ...

Long
OANDA:EURUSD   Euro / U.S. Dollar

As I have predicted earlier, EURUSD has successfully bounced from 1.206 horizontal structure support .
This week the price has set a nice local bullish trend on 4H with a higher low and two higher highs.
I remain bullish biased and expect more growth, HOWEVER:

Now we see a completed harmonic abcd pattern formation.

For next week there are two potential scenarios:
1) The price may retrace from D point of ABCD and only then continue growing
or
2) The price may just continue growing to new highs

Safe option is always to wait for a pullback first.

Comments

VasilyTrader JAYGRAFTTHETRADER
@JAYGRAFTTHETRADER, thank you for comment my friend 🙏
+1 Reply
I think it's short
+1 Reply
VasilyTrader shahin7trd
@shahin7trd, thank you for comment!
Reply
What do you think will happen next week?
+1 Reply
We will have to see where the DXY is at!
Reply
VasilyTrader AlkalineFX
@AlkalineFX, thank you for comment buddy :)
Reply