EUR/USD: Harmonics update, eventually long...
The bat short (see linked idea) has almost reached TP2, shifted my target to 1.1080, but I already took partial profit today just in case...
Possible support zone coming up, also the recent up trendline..., 1.1070 to 1.1050 will be the zone to watch...
In case the blue trendline holds, I will switch to long again (see my previous weekly idea linked below)...
In case we break below support and trendline main target based on harmonics is 1.0752 - 1.0720...
In between I'll be watching 1.0937 - 1.0895.
This is based on completion of 2 possible harmonic patterns: a shark (in blue) and a cypher (in orange). The PRZ's for both these patterns are very close! Depending on the timeframe of the moves we could get close to the longterm up trendline again...
Possible support zone coming up, also the recent up trendline..., 1.1070 to 1.1050 will be the zone to watch...
In case the blue trendline holds, I will switch to long again (see my previous weekly idea linked below)...
In case we break below support and trendline main target based on harmonics is 1.0752 - 1.0720...
In between I'll be watching 1.0937 - 1.0895.
This is based on completion of 2 possible harmonic patterns: a shark (in blue) and a cypher (in orange). The PRZ's for both these patterns are very close! Depending on the timeframe of the moves we could get close to the longterm up trendline again...
Commentaire:
Update (messy I know...):
