EURUSD 4HR CHART

13 באוק׳ 2015

Breakout I caught last week at 1.13 psych level, now mapping price, this chart on EUR/USD, ABC Elliot Wave, confluence with ABC-D Fibonacci Extension Profit area which coincides with 18/9 Previous High, and 3 leg movement upwards, Also giving a nice momentum bullish with 200 EMA, and crossover of 13/21 EMA on 6/10. the overall chart shows swings higher highs and higher lows, currently its testing broken resistance which is now support. The Fibonacci Retracement on the inner consolidation shows price bounced off and diverged of Support at the C level on breakout Nasdaq patten, slight retracement to C shown outter trendline is bullish as it bounced off C level and Fibonacci 61.8 and Major Support. Current Candles making Higher Highs and Higher Lows, telling me price is showing bullish is stronger than bears, the lower wick of the rejection of 50% fibonacci proved support is quite strong around c and up around 0.61.8 fibonaci level which coincides with support bounce off previous high of 1.13400. My trade I got in at 1.13000, just mapping this out while I snipered my breakout alot earlier, this is trailing it.