Hello.
We have 2 AB=CD patterns in this chart. both of them are bearish but the amount of drop isn't that much. about 400 to 700 points. good scalp for those who trade in 1h-4h time frames.
still, the long run target is 1.16
I advise you not to put a lot of your money against the trend but a little.
As of my previous analysis that I shared here, the good news about Brexit or Eurozone came out last week and this week we're going long because of midterm election results.
P.S: If you wanna get a long position on EURUSD, I guess 1.144 would be a nice spot.
We have 2 AB=CD patterns in this chart. both of them are bearish but the amount of drop isn't that much. about 400 to 700 points. good scalp for those who trade in 1h-4h time frames.
still, the long run target is 1.16
I advise you not to put a lot of your money against the trend but a little.
As of my previous analysis that I shared here, the good news about Brexit or Eurozone came out last week and this week we're going long because of midterm election results.
P.S: If you wanna get a long position on EURUSD, I guess 1.144 would be a nice spot.