The EUR/USD has completed a bullish 5 wave pattern. Could this stop the downtrend? Probably yes, because the EUR/USD is now expected to complete a bullish ABC zigzag pattern.
The zigzag remains valid as long as price action respects the 61.8% Fibonacci support level. A break below it indicates an ABC flat correction instead.
Besides the EUR/USD, we also analyze the charts on GBP/USD, USD/JPY, Bitcoin (BTC/USD), Ethereum (ETH/USD), DJI 30, DAX, Gold, EUR/AUD, and other major crosses. We also review the performance of our trading systems during April 2022.
Video Length: 00:16:30
Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. On average around 80% of retail investor accounts loose money when trading with high ...
Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. On average around 80% of retail investor accounts loose money when trading with high leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
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