EURUSD SYMMETRY TRADING ABC BULLISH PATTERN
Hello Traders! Welcome to Today's EURUSD Analysis.
We've spotted an exciting trading opportunity on EURUSD that we'd love to share with you.
On its hourly chart, EURUSD has carved out a Symmetrical ABC Bullish Pattern. This pattern is characterized by a swing from A to B, followed by a retracement to the 61.8% Fibonacci level.
Currently, the price is trading above our strategically set Entry Level (EL) based on Fibonacci extensions from the previous swings. Here are the trade details:
Long Entry Level (EL): 1.08501
Stop Loss (ST): Once the bullish trend is confirmed, consider setting the stop loss below point C at 1.08259.
Targets:
- Target 1:
- 62% AB: 1.09397
- 79% AB: 1.09699
- Target 2:
- 127% AB: 1.10564
- 162% AB: 1.11188
Your feedback is invaluable to us. If you find this analysis insightful, please hit the like button to support our idea. Don't forget to leave a comment below and follow us for more setups like this. Let's conquer the markets together!
We've spotted an exciting trading opportunity on EURUSD that we'd love to share with you.
On its hourly chart, EURUSD has carved out a Symmetrical ABC Bullish Pattern. This pattern is characterized by a swing from A to B, followed by a retracement to the 61.8% Fibonacci level.
Currently, the price is trading above our strategically set Entry Level (EL) based on Fibonacci extensions from the previous swings. Here are the trade details:
Long Entry Level (EL): 1.08501
Stop Loss (ST): Once the bullish trend is confirmed, consider setting the stop loss below point C at 1.08259.
Targets:
- Target 1:
- 62% AB: 1.09397
- 79% AB: 1.09699
- Target 2:
- 127% AB: 1.10564
- 162% AB: 1.11188
Your feedback is invaluable to us. If you find this analysis insightful, please hit the like button to support our idea. Don't forget to leave a comment below and follow us for more setups like this. Let's conquer the markets together!
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