EURUSD forming a bearish bat formation, look for the reversal!

FX:EURUSD   歐元 / 美元

EURUSD has started to form a really strong reversal signal at 1.2058 ( Fibonacci retracement , bearish bat harmonic formation , swing high resistance, bearish divergence, bearish price action) and all these point towards a potential drop towards 1.2011 intermediate support (38.2% Fibonacci retracement , horizontal pullback support) before 1.1972 major support (61.8% Fibonacci retracement , horizontal pullback support).

Stochastic (34,5,3) is seeing major resistance below 97% and a potential corresponding reaction could occur at this level.

Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.

Guys, get more real-time updates on our trading ideas here : https://t.me/tickmillroom

This analysis is provided as general market commentary and does not constitute investment advice.
Really stupid
what a stupid idea
paulDtrader PalmyFOREX
@PalmyFOREX, Actually a very good idea. Market disagreed is all
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