EURUSD - REVERSAL INDICATIONS. REASON TO BUY HERE!
The EURUSD has touched another low at 1.29700. And also gets closer to the lower trendline on Daily Chart.
Now if we try to understand the reversal sentiments we could find that there is a confluence of three major bullish reversal indications, One is 61.8% fib level, the other is a strong support zone, and thirdly a parallel pattern lower trendline support.
Now if we try to learn this pattern we could find that Since May 2021 the formation of the AB=CD harmonic's pattern is completed here. Now if there is any bullish candlestick closing, then this will be a reversal point
Now another bullish reversal indication is the formation of Bullish BAT Harmonics pattern is also completed near 1.130 level. This also helps us to think about a reversal.
And Lastly, if anyone wants to take a long position, Buy between 1.12700 to 1.13700.
If you like our ideas please like and follow us. Have a Good Day!
Now if we try to understand the reversal sentiments we could find that there is a confluence of three major bullish reversal indications, One is 61.8% fib level, the other is a strong support zone, and thirdly a parallel pattern lower trendline support.
Now if we try to learn this pattern we could find that Since May 2021 the formation of the AB=CD harmonic's pattern is completed here. Now if there is any bullish candlestick closing, then this will be a reversal point
Now another bullish reversal indication is the formation of Bullish BAT Harmonics pattern is also completed near 1.130 level. This also helps us to think about a reversal.
And Lastly, if anyone wants to take a long position, Buy between 1.12700 to 1.13700.
If you like our ideas please like and follow us. Have a Good Day!
交易進行:
Support is playing an active role and the price is moving up!
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