I have a scaled chart here for EURUSD
Firstly we have Andrews pitchforks off major pivots
Then on the last impulsive move I have a fib arc covering the whole swing
I believe this chart clearly shows euro is heading for 1.12 USD
This weekly close is crucial
If it breaks trend it will probably take a more convoluted route as per the lower arrow
But if we get a strong weekly candle it can proceed directly to 1.12 within a few weeks
GRI 2023
Firstly we have Andrews pitchforks off major pivots
Then on the last impulsive move I have a fib arc covering the whole swing
I believe this chart clearly shows euro is heading for 1.12 USD
This weekly close is crucial
If it breaks trend it will probably take a more convoluted route as per the lower arrow
But if we get a strong weekly candle it can proceed directly to 1.12 within a few weeks
GRI 2023
Note
Big picture Note
Listen up noobs will be mainly publishing short ideas to MINDS so come join the discussion thereNote
Will take the lower route
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.