#EURUSD DAILY:
According to the daily time frame, the price trend is still bearish if it is trading below 1.040.
But we expect some bullish correction from the current levels of 1.0500 and the price will test the levels of 1.0800, which also represents the first target for the ab=cd pattern (50% correction of the AD leg), and the target of the inverted head and shoulders pattern.
* This bullish vision will be confirmed if the price breaks the 1.0600 levels.
#harmonic_trading #abcd_pattern
#headandshoulders
According to the daily time frame, the price trend is still bearish if it is trading below 1.040.
But we expect some bullish correction from the current levels of 1.0500 and the price will test the levels of 1.0800, which also represents the first target for the ab=cd pattern (50% correction of the AD leg), and the target of the inverted head and shoulders pattern.
* This bullish vision will be confirmed if the price breaks the 1.0600 levels.
#harmonic_trading #abcd_pattern
#headandshoulders
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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.