KeithJ
Panjang

E/U Long Term Outlook

FX:EURUSD   Fx Euro/Dolar U.S
112 0 6
Monthly: MA's crossed bullish . Bullish Engulfing off 1.1520 Monthly support.
Weekly: MA's crossed bullish . Doji at Weekly resistance 1.2025.
Daily: MA's crossed bullish . Break of Daily descending trendline . Completed ABCD pattern at -27%. Price never broke Weekly resistance or Daily resistance, showing exhaustion.
- Overall, with confluence around the 38.2% and 50% retracement levels, expecting a pullback for a retest of broken Daily descending trendline and Daily support. Possible 3rd bounce off Daily ascending trendline . Looking to take advantage of short positions on lower time frames this coming week.
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