south west UK
Posts: 124 since Dec 2011
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OK, so here we have some context to describe some possibilities as outlind by harmonics, of the next move at a critical point in eur/usd.
Chart one shows the d point which we are currently retracing from. As you can see ,we have two d points, one belonging to a shape within a shape. There really is enough confluence here to expect a larger move than .382 of the swing up. The d points line up. it all is very bunched.
Chart two shows a bullish bat, really a continuation pattern at tops. A retracement shape that could help define the depth of down move before new highs are made.
Having done all this, i imagine a stop grabbing move to 1.3160 is not out of the question first!
Any comments welcome.Help me learn this!
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