Good morning traders!
Hope you got a happy 4th of July. There was this scenario that I saw yesterday, but I didn't think it would actually happen that EURUSD would fall a lot. I guess everything can happen in the market. There's an AB=CD pattern as 0.382 retracement and 2.24 projection that coincides a little bit with the price lenght and the time leg. It just hit and for AB=CD patterns I won't expect the price to fall further from the theorical entry point, so it could be low the SL but not that tight. TP price would be the green line.
Good luck in the markets. Check related ideas so you can see my trading strategies on eurusd. Do you have any other thoughts on EURUSD? Let me know on the comments.
Hope you got a happy 4th of July. There was this scenario that I saw yesterday, but I didn't think it would actually happen that EURUSD would fall a lot. I guess everything can happen in the market. There's an AB=CD pattern as 0.382 retracement and 2.24 projection that coincides a little bit with the price lenght and the time leg. It just hit and for AB=CD patterns I won't expect the price to fall further from the theorical entry point, so it could be low the SL but not that tight. TP price would be the green line.
Good luck in the markets. Check related ideas so you can see my trading strategies on eurusd. Do you have any other thoughts on EURUSD? Let me know on the comments.
