Euro / USD : AB = CD & the Confluence Zone

The current move may extend upto 1.19751 / 1.19795 where a nice confluence of the 0.618 of the last down leg intersects with the CD leg of the ABCD pattern.

It would be good to enjoy the current uptrend which can still provide a fair R-R-R trade. However, price at the confluence zone should be watched carefully.

Hit like if this information is useful.
Trade safe, stay healthy

Regards
Bravetotrade

Yorum:

Sharp reversal from the confluence zone specified in the post.