Rally from Jan 17 to Jan 18, now a 61.8 % fib retracement of that. March 15 and Dec 16, double bottom plus positive divergence RSI and price (i.e. lower price but RSI nog making new low). In Elliot wave terms could be Jan 17 to Jan 18 Wave 1, retrace to 61.8 % wave 2 and now wave 3 unfolding.
This should be evident fairly quickly
If not then something else is happening
TA is not an exact science
EURUSD
This should be evident fairly quickly
If not then something else is happening
TA is not an exact science
EURUSDNote
Breaking out - wait for pull back to test break out to add longs - targets 1.18 to 1.20
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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.