EURUSD-Weekly Market Analysis-Jan22,Wk2

Jan 9, 2022

A Happy New Year to you. Yes, we are back on our Weekly Market Analysis, how have you been?

EURUSD on the 4hourly chart we have a Bearish Gartley Pattern that will be good for a shorting opportunity as the candle respected the PRZ zone of the Gartley Pattern more than the 1 that form in the GBPUSD. Check the comments at the bottom of TradingView for quick access.

However, breaking and closing above the red line or X for the conservative traders, and that will change our perspective and may not trade the Harmonic Pattern as the ascending triangle got back on track.

I'm waiting for market open and will engage the trade 2hours after the market open. If the market gap up, I will forgo the trade.

Jan 10, 2022

Trade active

If you have shorted it EURUSD has reached target 1. 1.1328, place stops to entry. Risk Free Trade Attained!!