InvestMate|EUR/USD Amazing precision💶💵

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💶💵EUR/USD Amazing precision.

💶💵Post is a direct continuation of the previous post on EUR/USD in which I wrote about the upcoming correction.

💶💵W This time we will take a closer look at the whole situation and show you how, using technical analysis tools, I have determined a very likely place for the end of the downward correction.

💶💵In turn.

💶💵I started by delineating the uptrend channel from which the price today broke out to return to the middle again after an intense reaction


💶💵Then I measured the entire upward impulse using a fibo grid. In order to find potential support points.


💶💵I measured the largest correction in the uptrend impulse in order to determine the range of the largest 1:1 correction.


💶💵With the help of the fibo level cluster of 0.382 and the range of the 1:1 correction, I determined a very likely support in the future. We can see that the price has found strong resistance at these levels in the past.


💶💵Adding the fundamentals, which you can read more about in my previous post on this pair:

💶💵We are looking at a fairly shallow correction of 38.2% of the entire upward wave that could take place.

💶💵The scenario I am playing out is a gradual descent of the price to the support level marked on the chart. From which we are likely to continue upwards after some accumulation.

💶💵*Please do not suggest the path I have drawn with the lines this is only a hypothetical scenario for further increases.

🚀If you appreciate my work and effort put into this post I encourage you to leave a like and give a follow on my profile.🚀

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ملاحظة

After the execution of the gartley harmonic formation, it was time for declines