EURUSD H1 - Quick Analysis (Update)
You will remember my earlier post on bat and crab patterns.. now bat pattern has been cancelled and I am expecting a drop based on crab pattern.. (be aware that H4 trendline is now broken and therefore on the long term we might retest higher levels 1.12 area.. but for now (hopefully) there will be retests on lows first and this might be the first reasoning for such..
Main target's could be 1.1148 to 1.1135 area but if it goes deeper the extreme lows should not exceed 1.1128 to 1.1115 zone..
Stay Green
You will remember my earlier post on bat and crab patterns.. now bat pattern has been cancelled and I am expecting a drop based on crab pattern.. (be aware that H4 trendline is now broken and therefore on the long term we might retest higher levels 1.12 area.. but for now (hopefully) there will be retests on lows first and this might be the first reasoning for such..
Main target's could be 1.1148 to 1.1135 area but if it goes deeper the extreme lows should not exceed 1.1128 to 1.1115 zone..
Stay Green
Be a seer, not a looker!
Ata's Trend Hunter V3.5 All Time Return:
61.5%
4