MarleyForex
Recruit
- Messages
- 2
Morning guys,
Not much to add to our weekly analysis. Daily picture shows inside swings by far and we can't apply more extended levels and targets. Now EUR stands in retracement back MPP. So, until some daily top or bottom will be broken, we mostly will be watching on intraday setups:
View attachment 41335
On 4H chart recent lows have been broken and it means that butterfly scenario has been vanished. Now we're watching for AB=CD target completion and possible "222" Buy pattern. CD leg shows slowdown in motion, which is good sign of potential reversal. But, any drop below 1.14 level will mean "222" erasing and suggest further downside action. Break through 1.14 lows will happen with some acceleration probably. If everything will be OK and market will turn up from 50% support and Agreement area, minimum target is 3/8 retracement of AB-CD swing.
View attachment 41336
Gosh i got a long way to go... just started trading.. a novice.... i hope i could learn from you.