EURUSD Below 1.0000? Harmonic Pattern clusters
Hey traders: I thought if giving a go for a longterm analysis. Here it is.
Pattern confluences: There is a Bat pattern completion in D1 chart as well as Ab=CD completion in monthly chart and both the pattern formed on the previous structure support and also I have a link attached of a falling wedge pattern in hourly chart for day traders So over all it gives a strong reason for long traders to hold their position and see whether its worthy enough to take their long profits and on the other side. We have a Bat pattern about to complete in Monthly Chart at 0.90948. The Chart shows series of Lower lows, it will be not surprising to see Eu below 1.0000.
Pattern confluences: There is a Bat pattern completion in D1 chart as well as Ab=CD completion in monthly chart and both the pattern formed on the previous structure support and also I have a link attached of a falling wedge pattern in hourly chart for day traders So over all it gives a strong reason for long traders to hold their position and see whether its worthy enough to take their long profits and on the other side. We have a Bat pattern about to complete in Monthly Chart at 0.90948. The Chart shows series of Lower lows, it will be not surprising to see Eu below 1.0000.
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Related publications
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.