EURUSD Hits Resistances—Reversal Incoming?

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As I expected in the previous post, the EURUSD(EURUSD) touched my Targets and is creating the second top of the ascending channel.

The EURUSD is in the Resistance zone($1.0537-$1.04500), Potential Reversal Zone(PRZ), Resistance lines, and Time Reversal Zone(TRZ) near the Monthly Resistance(1) and the upper line of the ascending channel.

In terms of Elliott wave theory, EURUSD seems to be completing microwave 5 of the main wave C of the Zigzag Correction(ABC/5-3-5).

I expect the EURUSD to start falling soon, and it is likely to form a Head and Shoulders Pattern to continue the decline.

Note: If EURUSD touches $1.055, we can expect more pumps.

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Euro/U.S.Dollar Analyze (EURUSD), 1-hour time frame.

Be sure to follow the updated ideas.

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Please follow your strategy and updates; this is just my Idea, and I will gladly see your ideas in this post.

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تم فتح الصفقة

Trade was activated before the market was closed

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أغلقت الصفقة: تم الوصول للهدف

First Target Done

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ملاحظة

Full Target Done