An idea forecasting EU, on daily chart spot for double bottom.
If this is happen, I wanted to see price going to 1.26825 (.618 fibo) and retrace back to 1.24801 and forming head and shoulder. At this price, might be a chances to go long.
Pre-confirm, spot on double bottom.
First confirmation of price reversed is when exceed 1.28849.
2nd confirmation where price obove MA trend line.
I'll keep in mind, price reverse will take a lot of pressure from buyers.
If this is happen, I wanted to see price going to 1.26825 (.618 fibo) and retrace back to 1.24801 and forming head and shoulder. At this price, might be a chances to go long.
Pre-confirm, spot on double bottom.
First confirmation of price reversed is when exceed 1.28849.
2nd confirmation where price obove MA trend line.
I'll keep in mind, price reverse will take a lot of pressure from buyers.