EURUSD Trend Shift On Higher Time Frame, Huge Rally Expected?

16 Nov 2019

EURUSD Trend Shift On Higher Time Frame, Huge Rally Expected?

1. EURUSD has been forming Lower Lows from point X to all the way to point A. However at point A it created a divergence double bottom ending down trend.
2. Point B was created at 50% of XA.
3. Last week's rejection at 61.8AB (1.09885) is a possible confirmation of Higher Low at point C If that level holds next week, we have a confirmation of trend change
4. The next target for the price will be point C.
5. If C is broken we are looking at point D where Bat Pattern completes.

18 Nov 2019

Nota

still going strong as expected