EURUSD May 27, 2024 Has the complicated adjustment process ended
We watch the price to the target price zones of 1.0783 and 1.0787 to look for candlestick reversal signals to buy.
Looking at the H1 chart, we see that this adjustment process is a complex adjustment process with an abcde pattern.
- The price has completed wave d and is followed by a decrease to complete wave e
- Looking at the H4 momentum indicator, we see that the momentum is in the overbought area
- Continuing with the 3 green zones on the H4 chart, we see that we currently have 3 price zones lacking liquidity so the price will return to these zones to fill liquidity.
- From the above data, we have the formation of a bearish wave e to end this correction
- We measure 2 target price ranges to end wave e
+ The first zone is the price zone 1.0783
+ The second price range is the price range 1.0787
trading plan
We watch the price to the target price zones of 1.0783 and 1.0787 to look for candlestick reversal signals to buy.
Note: Sufficient TP, SL to be safe and win the market‼ ️Change data plan will be updated later.
Deekop's analysis is only a personal opinion with a desire to share its views with the community. I'm not always right. But my analysis always reflects my meticulous evaluation of what is best for an investment.
Looking at the H1 chart, we see that this adjustment process is a complex adjustment process with an abcde pattern.
- The price has completed wave d and is followed by a decrease to complete wave e
- Looking at the H4 momentum indicator, we see that the momentum is in the overbought area
- Continuing with the 3 green zones on the H4 chart, we see that we currently have 3 price zones lacking liquidity so the price will return to these zones to fill liquidity.
- From the above data, we have the formation of a bearish wave e to end this correction
- We measure 2 target price ranges to end wave e
+ The first zone is the price zone 1.0783
+ The second price range is the price range 1.0787
trading plan
We watch the price to the target price zones of 1.0783 and 1.0787 to look for candlestick reversal signals to buy.
Note: Sufficient TP, SL to be safe and win the market‼ ️Change data plan will be updated later.
Deekop's analysis is only a personal opinion with a desire to share its views with the community. I'm not always right. But my analysis always reflects my meticulous evaluation of what is best for an investment.
