EURUSD Trend Shift On Higher Time Frame, Huge Rally Expected?
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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.
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.
Comment
still going strong as expected
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