https://www.tradingview.com/x/9pKD6adt/
In this analysis, I observe a potential ABCD harmonic pattern forming on the EUR/USD chart:
The market has completed points A, B, and C and appears to be heading towards D.
If the price reaches point D, where 1.617 BC extension aligns with support and trendline confluence, it could be a good opportunity to BUY.
Key Levels to Watch:
Point C: Recent lower high (Resistance)
Point D: Potential buy zone near support trendline
RSI: Monitor for oversold conditions near D point for confirmation.
Trading Idea:
Entry: Around D point (Watch for price reaction at the support trendline).
Target: At least back to point C or higher depending on price action.
This is a high-probability trade if the harmonic structure completes successfully. Keep an eye on volume and RSI for additional confirmation.
In this analysis, I observe a potential ABCD harmonic pattern forming on the EUR/USD chart:
The market has completed points A, B, and C and appears to be heading towards D.
If the price reaches point D, where 1.617 BC extension aligns with support and trendline confluence, it could be a good opportunity to BUY.
Key Levels to Watch:
Point C: Recent lower high (Resistance)
Point D: Potential buy zone near support trendline
RSI: Monitor for oversold conditions near D point for confirmation.
Trading Idea:
Entry: Around D point (Watch for price reaction at the support trendline).
Target: At least back to point C or higher depending on price action.
This is a high-probability trade if the harmonic structure completes successfully. Keep an eye on volume and RSI for additional confirmation.
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.
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.