Versatile.
The current situation with the EURUSD gives us many opposing trading ideas which are all viable to say the least.
One the graph we have displayed what we think has the most potential to occur based on the following reasoning's.
This is the bullish advanced cypher for a counter-trend trade
1. Flag formation formed at the current price point, indicating potential drop in price
2. 1.272 completion confluences perfectly with support zone, strong potential to reverse
3. 382 reversal for profits is also confluencing with resistance via retest of previous structure
Alternative harmonic patterns.
1. Go Long now via a shark
2. Go short if price action gets pass the 1.42 zone, completing a bearish cypher
3. Short at 1.46 zone completing the advanced cypher
That is all for now, good luck
Get our harmonic trading cheat sheet here
www.patreon.com/indigotradinggroup
The current situation with the EURUSD gives us many opposing trading ideas which are all viable to say the least.
One the graph we have displayed what we think has the most potential to occur based on the following reasoning's.
This is the bullish advanced cypher for a counter-trend trade
1. Flag formation formed at the current price point, indicating potential drop in price
2. 1.272 completion confluences perfectly with support zone, strong potential to reverse
3. 382 reversal for profits is also confluencing with resistance via retest of previous structure
Alternative harmonic patterns.
1. Go Long now via a shark
2. Go short if price action gets pass the 1.42 zone, completing a bearish cypher
3. Short at 1.46 zone completing the advanced cypher
That is all for now, good luck
Get our harmonic trading cheat sheet here
www.patreon.com/indigotradinggroup