Euro / USD : AB = CD & the Confluence Zone
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The current move may extend upto 1.19751 / 1.19795 where a nice confluence of the 0.618 of the last down leg intersects with the CD leg of the ABCD pattern.
It would be good to enjoy the current uptrend which can still provide a fair R-R-R trade. However, price at the confluence zone should be watched carefully.
Hit like if this information is useful.
Trade safe, stay healthy
Regards
Bravetotrade
It would be good to enjoy the current uptrend which can still provide a fair R-R-R trade. However, price at the confluence zone should be watched carefully.
Hit like if this information is useful.
Trade safe, stay healthy
Regards
Bravetotrade
Note
Sharp reversal from the confluence zone specified in the post.
JJ Singh
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Trader/Investor
Moderator, TradingView
🚀Join t.me/jjsingh_2020 ,
A Free Education channel
🚀Tweet at twitter.com/JaySingh_2020
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