EURUSD Fibonacci Elliot Waves Harmonic PRZs SR Resistance Sells
Hello All! First chart here online!!
Thank you for your viewership I appreciate it!
Regarding my Technical Analysis on EURUSD I would say that Daily Resistance can be found at the Red Box above.
Also, Retracement levels 50-61.8 presenting confluence in the zone with AB-CD Structures in Waves 1 and 5 this 3 Wave Cycle Move Up.
Daily Resistance Zone
Retracement Zones 50 - 61.8
AB-CD Structures from prior Daily Impulse Wave and In this 5 Wave Move Up, in Waves 1 and 5. I would say this move has potential for at least
50 - 100 points downward, with retracement zones 50-88% presenting probably profit zones
Trendline Flag Structures confluencing along with all of this, presenting around a 75 pip zone to scale into, for at least a 50 - 100 point move downward
I would suggest scaling in progressively with stops above Daily R. Profit targets presenting approximately 1.5:1 Reward to Risk Ratio
Good luck trading out there!!
AYS
Thank you for your viewership I appreciate it!
Regarding my Technical Analysis on EURUSD I would say that Daily Resistance can be found at the Red Box above.
Also, Retracement levels 50-61.8 presenting confluence in the zone with AB-CD Structures in Waves 1 and 5 this 3 Wave Cycle Move Up.
Daily Resistance Zone
Retracement Zones 50 - 61.8
AB-CD Structures from prior Daily Impulse Wave and In this 5 Wave Move Up, in Waves 1 and 5. I would say this move has potential for at least
50 - 100 points downward, with retracement zones 50-88% presenting probably profit zones
Trendline Flag Structures confluencing along with all of this, presenting around a 75 pip zone to scale into, for at least a 50 - 100 point move downward
I would suggest scaling in progressively with stops above Daily R. Profit targets presenting approximately 1.5:1 Reward to Risk Ratio
Good luck trading out there!!
AYS