positive divergence that clear in RSI and strong support near 1.27 zone are showing us a profitable opportunity
expanding triangle + powerful reversal zone on pitchfork tell us that we have a good opportunity to take a short on it
end of the wave b and valid resistance zone rsi and volume are confirming this position too
we have a correction to 1.28 zone Fibonacci and pitchfork analysis
good opportunity for long position on EURUSD 2021/12/20
it seems we are near to the important support zone
as you see on the chart i think there is a millennium degree wave on monthly timeframe as wxy already we are in the beginning of the wave 2 of c of y this correction could decrease the price up down to 65$ and keep it there for next 2 years but if the chart breaks 85$ up , then we have a wave with the last high peak high around the 145$ wave y target is the top...
3.2t zone is an important reversal zone based of Fibonacci PRZ and also Elliott waves theory we are now in the wave 5 of impulse of E if the chart breaks up and fix over 3.2t the higher targets could be available i think probably we have a zigzag or other form of correction soon the correction will be the wave 2 or b of a higher cycle
the description is clear in the chart i think we have a correction as wave 3 of a of zigzag
end of a wave 2 and touching the resistance Gann level make good short zone stop/ 48000 entery/46000 target/20000 the detail of a offering position is clear in the chart with r/r 12