EUR/USD ABCD Bullish pattern
Hello traders,
this is my first idea.
Looking at my analysis, you can see that the A leg seems to be completed, touching the B point on the black Fibonacci level at 1.09401. We'll wait for the retracement on the C point, at 1.08704, to boy long, looking for the point D on the next Fibonacci level.
Wait for the confirmation on multiple timeframes and always use Stop Loss.
Good trade!
Hello traders,
this is my first idea.
Looking at my analysis, you can see that the A leg seems to be completed, touching the B point on the black Fibonacci level at 1.09401. We'll wait for the retracement on the C point, at 1.08704, to boy long, looking for the point D on the next Fibonacci level.
Wait for the confirmation on multiple timeframes and always use Stop Loss.
Good trade!
Comment:
We're waiting for the D leg now.
The B point seems to be moved up around 1.10250, and C point, if confirmed, on the black Fibonacci line.
Beware of fake signals and always use Stop Loss.
The B point seems to be moved up around 1.10250, and C point, if confirmed, on the black Fibonacci line.
Beware of fake signals and always use Stop Loss.
Comment:
D leg not completed, the bullish impulse seems ended.
We're looking for short opportunities now.
Stay tuned for my next analysis!
We're looking for short opportunities now.
Stay tuned for my next analysis!
If the double top on the Fibonacci blue line is confirmed, we've got a great sell opportunity looking for target C.