8.10.17 | EURUSD | Long Multi Bottom Breakout

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Euro / USA-dollar (FX:EURUSD)

Uppdaterad

FX:EURUSD Euro / USA-dollar

EURUSD | 15 minute chart | Price is breaking out of a Multi-Bottom chart pattern trading inside of a downward moving Fibonacci Channel. A XABCD Bat Pattern is also forming on the breakout and is being used to place the first target at the top of D, about 30 pips from where price is trading right now. Currently price is breaking out of the pull back to the neckline and may continue to trade higher to the 1st target zone over the next couple of hours. Once the target zone is reached I am speculating that price is going to selloff for the breakout of the XABCD Bat Pattern. Use the Fisher Indicator to calculate the length of the move.

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This Trade Idea ended 8.11.17

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