Potential trade going LONG on the EUR/USD pair

19 Feb 2017

It seems we have a good trade going LONG on the EUR/USD pair.

Based on my analysis, we have a bullish signal, with confirmation from pattern analysis breaking structure, together with ABC corrective Elliott wave count on the minute - looking to trade the wave C, inside a wave 4 on the minor, up to a major resistance (bottom channel).
RSI also suggests an upward move together with Stochastic as well, however there could be a slight downward move to wave B on the minute indicated on the chart.

Additional Harmonics analysis suggests that a Bullish Butterfly has formed, also providing the target at the major resistance trendline.

There is enough indications here that suggest a high enough probability, to take this trade going LONG to the major resistance trendline.

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DISCLAIMER: This chart is for sharing and educational purposes only and is not intended to be a signal service or similar.
This chart analysis is only provided as my own opinion, based on my own analysis and comes with absolutely no warranty that this analysis is correct,

whatsoever. Do not trade this chart if you do not have your own strategy. Trade only with your own strategy at your own risk.
Plan your trade and trade your plan... and IF in doubt, stay out.

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