EURUSD: TWO HARMONIC ABCD MOVES COMPLETED @ PRZ !!!
Hello Traders,
Here we got a really nice setup on
EURUSD
, which includes 2 harmonic ab=cd moves completing right at potential reversal zone (PRZ), which includes Fibonacci retracements and extensions, as well as strong support level. Notice we are also getting bullish RSI divergence at this current level. Market is sitting right at the entry point, so this is a long setup at market price. I am shooting for the structure based targets (marked by green horizontal lines). Stops go under the previous structure higher low. See the chart above for more details.
Please feel free to AGREE or DISAGREE with this idea by leaving a comment below. Hit that thumbs up button (top left corner of this chart) if you like the idea. Thank you everyone for all the SUPPORT that you have given me so far, I truly appreciate it. Good luck everyone :)
Follow me on Twitter10.97% as well: moneymaking2016
Here we got a really nice setup on
EURUSD
, which includes 2 harmonic ab=cd moves completing right at potential reversal zone (PRZ), which includes Fibonacci retracements and extensions, as well as strong support level. Notice we are also getting bullish RSI divergence at this current level. Market is sitting right at the entry point, so this is a long setup at market price. I am shooting for the structure based targets (marked by green horizontal lines). Stops go under the previous structure higher low. See the chart above for more details. Please feel free to AGREE or DISAGREE with this idea by leaving a comment below. Hit that thumbs up button (top left corner of this chart) if you like the idea. Thank you everyone for all the SUPPORT that you have given me so far, I truly appreciate it. Good luck everyone :)
Follow me on Twitter10.97% as well: moneymaking2016
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UPDATE #1: Stop loss has been hit. We do have break in trend on 15 mins. Need to wait for 4 hr candle to close below structure to validate the trend break on lower time frame. Flat for now :)
