meszaros

EURUSD LONG scenario...

Long
OANDA:EURUSD   Euro / U.S. Dollar
Should the exchange rate rise further, it is likely that the current level may be the level of adjustment from which it may turn to the north. The figure shows a fractal sequence. The rule is that the first fractal (yellow rectangle) is a correction fractal. Ascending, the second fractal (yellow rectangle) can be half as large as the first. After that, the rise is twice the size of the first rising fractal (green rectangle). In the event that this rule is met, the target price for the exchange rate may reach 1.1626. We discard this strategy when the exchange rate reaches further falling levels.

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