Forex Market Analysis – Eurusd on Harmonic Move
Harmonic Move which ends, at that point there’s previous support and resistance with a lot of Fibonacci confluence such as the Golden Fib 1.618 additionally the 1.272 the 1.414 , 1.13 which is a minor fib and finally there’s a Fibonacci retracement and the ratio which is in the kill zone is the 88.60 which is another minor fib. there’s also previous structure support on the Daily Chart but it’s in the 2000. only enter by going down to the lower time frame such as the 15Min and there’s a double bottom another reason for entry is that they’re also 2 advance patterns that are also completing on this level loo look at next published Chart.
In Other View Point – Bullish Gartley Pattern EURUSD 15 Minute – Journal 018
2 entries @ 1.03894 given gartley completion (1 unit per entry) Stop losses ar placed at bottom of XA leg presently experimenting with profit stops, trying 0.618 fib. retracement of CD leg and top of XA leg as profit stops for gartley patterns.
In Another View Point – EURUSD is breaking down
Since 2015 Q1, the EURUSD was in a rectangular consolidation mode for 92 weeks. EURUSD is already broken below 2015 March low 1.0465. currently investor should ask a question himself if this breakout is a real or false breakout? a real breakout means it’s going to go downside for the coming 2-3 months, it is time to short EURUSD. with measured target 1.03 and 1.0 and ultimate target 0.86. a real breakout shouldn’t pass 1.09 so the stop loss will be 1.09.