EURUSD Hits Resistances—Reversal Incoming?

14 Feb

As I expected in the previous post, the EURUSD(EURUSD) touched my Targets and is creating the second top of the ascending channel.

The EURUSD is in the Resistance zone($1.0537-$1.04500), Potential Reversal Zone(PRZ), Resistance lines, and Time Reversal Zone(TRZ) near the Monthly Resistance(1) and the upper line of the ascending channel.

In terms of Elliott wave theory, EURUSD seems to be completing microwave 5 of the main wave C of the Zigzag Correction(ABC/5-3-5).

I expect the EURUSD to start falling soon, and it is likely to form a Head and Shoulders Pattern to continue the decline.

Note: If EURUSD touches $1.055, we can expect more pumps.

Please respect each other's ideas and express them politely if you agree or disagree.

Euro/U.S.Dollar Analyze (EURUSD), 1-hour time frame.

Be sure to follow the updated ideas.

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15 Feb

Dagangan aktif

Trade was activated before the market was closed

18 Feb

Dagangan ditutup: sasaran tercapai

First Target Done

19 Feb

Nota

Full Target Done