EURUSD to 1.08 and back down ?

Hi guys, it's been a very long time since I last published a chart. Sincere apologies for those who have been waiting for it.

The reason I am publishing this one is because all stars are getting aligned for a short of EURUSD around 1.0800

• AB=CD potential completion
  
• 1.0800 even handle
  
• Potential Bat Pattern completion
  
• 1.618 inversion of last move down
  
• 1.272 - 1.414 extension of last move up
  
• Fib confluence
  
• historical resistance with nice rejection at this level
  

SL should go above the previous high and 1.618 extension which are around 1.0830

As always, trading is a game of probabilities and finding an edge. With all the above in mind, I think we have an edge and the probability of a EURUSD reversal in the zone. But as you probably know by now, the market is always right.

Let me know what you think ... and if you appreciate the idea, thanks for hitting that like button.

Comentário:

Here is a better view on that Support/Resistance zone around this level

Comentário:

On the weekly chart it is even more clear

Trade ativo:

Short @ 1.0798
SL : 1.0845
TP1 : 1.0675
TP2 : 1.0610

Trade fechado: stop atingido