EURUSD POTENTIAL LONG POSITION

22 Şub 2017

Looking at the chart I can see it has bearish sentiment. I am expecting some pullback on this bearish trend around the 1.04817 area due to signs of struggle and exhaustion from previous candlesticks. It looks like a gartley pattern has formed which may be a good indication of trend reversal. Also, price is resting at the bottom of the bollinger bands which may be a buy signal. Late sellers are coming in, and I do expect some additional pullback and then a spike upwards may be in the forecast. My entry was at 1.05520 and my TP is at 1.05914.