EURUSD: Still Bullish BUT ...

23 thg 1, 2021

As I have predicted earlier, EURUSD has successfully bounced from 1.206 horizontal structure support.
This week the price has set a nice local bullish trend on 4H with a higher low and two higher highs.
I remain bullish biased and expect more growth, HOWEVER:

Now we see a completed harmonic abcd pattern formation.

For next week there are two potential scenarios:
1) The price may retrace from D point of ABCD and only then continue growing
or
2) The price may just continue growing to new highs

Safe option is always to wait for a pullback first.

25 thg 1, 2021

Ghi chú

Check my new idea on EURJPY: