Good Day Traders !!! On this pair we have a market correcting on the M timeframe as well as the W timeframe. On the daily we can clearly see an overextended "W" pattern being completed and we are ready for an impulse to the upside. The target is the 50% FIB retracement taken on the weekly impulse and that aligns perfectly with the next weekly resistance. From a COT perspective we have a strong Eur overall and we do expect this move to complete the Weekly pattern and the impulse correction continuation that we can see on the Daily timeframe.
Now if you enjoyed this analysis please like and share, If you have a different opinion you can comment below as I would love to get more insights about this pair.
Trade safe !!!
Now if you enjoyed this analysis please like and share, If you have a different opinion you can comment below as I would love to get more insights about this pair.
Trade safe !!!
トレード終了: ストップロスに到達