(4h) Things may change below that daily fractal support! $eurusd

OANDA:EURUSD   Euro / U.S. Dollar
Comment: Caution with longs at trendline resistance
Comment: .Bearish crab pattern completed and suggesting the retracement;

.Defaul targets for the crab pattern now projected at the weekly and daily fractal resistance (the 38% fib retracement level representing a fall of 1.46% / 163 pips from the most recent 4h fractal resistance printed at 1.11961);

.Wave 4 needs to find support above the weekly/daily resistance levels - the recovering of those fractals will invalidate the possibility of a 5 waves structure;

.IF Wave 5 equals wave 1 = 1.12669;

Comment: Inverted head and shoulders default target reached at 200% fib extension.


Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Private Messages Chat Sign Out