Since the beginning of 2019, EURUSD has been respecting the trend line on the chart. Each and every time market reached that trend line, Market made the same movement to the downside. I have just cloned one line and place it on the every impulse movement market made when the market reached the trend line. As visible on the chart, market touched that trend line recently. So I expect the market to make the same harmonic movement in the bearish direction.
But at the same time there is a bullish advanced pattern completed in a lower time frame. So I expect for the market to move little bit to the upside (to the arrow mark in the chart) before continuing the movement to the down side. Therefore we have two trading opportunities here. One in the favor of the advanced pattern (a classic gartley 222 pattern) I mentioned earlier and one to fill the harmonic movement.
But at the same time there is a bullish advanced pattern completed in a lower time frame. So I expect for the market to move little bit to the upside (to the arrow mark in the chart) before continuing the movement to the down side. Therefore we have two trading opportunities here. One in the favor of the advanced pattern (a classic gartley 222 pattern) I mentioned earlier and one to fill the harmonic movement.