EURUSD Hits Resistances—Reversal Incoming?

2月14日

As I expected in the previous post, the EURUSD(EURUSD) touched my Targets and is creating the second top of the ascending channel.

The EURUSD is in the Resistance zone($1.0537-$1.04500), Potential Reversal Zone(PRZ), Resistance lines, and Time Reversal Zone(TRZ) near the Monthly Resistance(1) and the upper line of the ascending channel.

In terms of Elliott wave theory, EURUSD seems to be completing microwave 5 of the main wave C of the Zigzag Correction(ABC/5-3-5).

I expect the EURUSD to start falling soon, and it is likely to form a Head and Shoulders Pattern to continue the decline.

Note: If EURUSD touches $1.055, we can expect more pumps.

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Euro/U.S.Dollar Analyze (EURUSD), 1-hour time frame.

Be sure to follow the updated ideas.

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2月15日

交易進行

Trade was activated before the market was closed

2月18日

交易結束：目標達成

First Target Done

2月19日

註釋

Full Target Done