Bravetotrade
Long

Euro / USD : AB = CD & the Confluence Zone

FX_IDC:EURUSD   Euro / U.S. Dollar
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
Sep 02
Comment: Sharp reversal from the confluence zone specified in the post.


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