歐元 / 英鎊看多
Strong Reversal w/ Higher Levels In Sight - EG
已更新
Here I have EUR/GBP on the 4 Hr Chart!
On Feb. 26th, EG had made an IMPRESSIVE Double Bottom Pattern @ .85281 and has been stretching HIGHER!
Zooming out to the Bigger Picture you can see there is an even STRONGER reversal pattern possibly at play getting ready to complete!!
-The Inverted Head & Shoulders!
With the NEW LOW @ .84981 on Feb. 14th, followed by the HIGHER HIGH @ .85784 on Feb. 20th, the Price decline on the 26th was a mere 38.2% Fib'd Pullback off that HIGH creating our HIGHER LOW giving a sense that the BEARS have lost their strength and BULLS could be taking over!
Now this IH&S could be the beginning of what seems to be a possible Elliot Wave forming on Higher Time Frames so we could potentially see price Hit our Range Target @ (.86575 - .86881) and then push even HIGHER! (Fundamentals will be KEY)
-But UNTIL then .. in order for our idea to be VALID, price MUST Break and Close above our CONFIRMATION of Pattern @ .8572
-Even though our Right Shoulder didn't meet with the Left causing an underdeveloped pattern, INVALIDATION of Pattern @ .85131
On Feb. 26th, EG had made an IMPRESSIVE Double Bottom Pattern @ .85281 and has been stretching HIGHER!
Zooming out to the Bigger Picture you can see there is an even STRONGER reversal pattern possibly at play getting ready to complete!!
-The Inverted Head & Shoulders!
With the NEW LOW @ .84981 on Feb. 14th, followed by the HIGHER HIGH @ .85784 on Feb. 20th, the Price decline on the 26th was a mere 38.2% Fib'd Pullback off that HIGH creating our HIGHER LOW giving a sense that the BEARS have lost their strength and BULLS could be taking over!
Now this IH&S could be the beginning of what seems to be a possible Elliot Wave forming on Higher Time Frames so we could potentially see price Hit our Range Target @ (.86575 - .86881) and then push even HIGHER! (Fundamentals will be KEY)
-But UNTIL then .. in order for our idea to be VALID, price MUST Break and Close above our CONFIRMATION of Pattern @ .8572
-Even though our Right Shoulder didn't meet with the Left causing an underdeveloped pattern, INVALIDATION of Pattern @ .85131
註釋
News Results mixed this morning..EUR -
German Retail Sales, French Consumer Spending & French Final Private Payrolls come in NEGATIVE
-While-
French Prelim CPI & French Prelim GDP (BIG MOVERS) come in POSITIVE
Spanish Flash CPI comes in at 2.8% as expected
*Still Waiting on German Prelim CPI
註釋
We are getting the formation of a Triple Candlestick Pattern called a Morning Doji Star on the 4Hr Chart!-Strong indication of Sentiment shift towards the Bullish side AS LONG AS IT CLOSES AT THE HIGHS!
交易進行
Buy Entry @ .8560註釋
Price has made it up to our CONFIRMATION of PATTERN! -We need a BREAK & CLOSE!
Novi_FIbonacci
Telegram - t.me/+l3fTcsZu91ZiZDkx
Telegram - t.me/+l3fTcsZu91ZiZDkx
相關出版品
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。