My End of the Year Outlook for EURUSD Half way to Final Target
What we have here is the Pitchfork with the Bearish slop that was drawn in around the end of June. I am not a Professional, in fact I am very new to this, only about 9 months or so of continuous studying and research, chart reading and so forth. Any input is always appreciated. Anyway this is what I am seeing right now, maybe a bit premature with the possibility of a retrace of the current price to around 1.3000 or just above. Unless it goes all the way to the 61.8% at 1.3069
I have just drawn in the triangles that make up the pattern here and then I drew in the fib levels after and this is the result. All of the lines S and R and the trend lines have been on for many weeks now, after removing the ones that were invalid this is what I have left on the chart. For now this is how I am playing it.
Prosperous trading and a wealthy outcome to you all. Take it easy
Henry V.
I have just drawn in the triangles that make up the pattern here and then I drew in the fib levels after and this is the result. All of the lines S and R and the trend lines have been on for many weeks now, after removing the ones that were invalid this is what I have left on the chart. For now this is how I am playing it.
Prosperous trading and a wealthy outcome to you all. Take it easy
Henry V.
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