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Bearish Prospect for the EUR/USD


This prediction on EUR/USD pair is simply based on what iscalled Harmonic Pattern Structures popularized by Scott Carney with the
Fibonacci re-tracement, extension & projection measures as indispensable
tools which, apparently, have predictive reliability in the determination any
pair's price behavior at minor and major resistance and support levels, and
especially at extreme levels where reversals are likely to occur.In this 4hr chart we can see that the price is well below 7, 13, 30, & 65 LWM…
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Convallium avatar
Convallium 2014年04月03日

interesting charts) thank you for sharing with us)

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Dmtrv 2014年04月03日

Addendum: This one last target and final price target was missing when I submitted this one, Don't know why. so here it is. The 4th and last predicted price target of 1.3550 is @ 88.6% of the anticipated D point re-tracement of the XA leg, or Support level 4. The eventual culmination of the descent at anticipated D point re-tracement at XA leg will give us the 5-point reversal structure called the Bullish Bat.

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Dmtrv 2014年04月03日

1st price objective 1.3700 attained. Time1400hrs.

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SGD/JPY Bullish Tendency

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Maria_r 2014年03月30日

well done

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