EURUSD Daily - AB=CD & Ratio confluence & RSI Divergence
I had some time on my hands so I decided to take a look at the EURUSD daily chart and an opportunity for the longer term.
We have a possible AB=CD pattern (with 0.318 retracement) setting up terminating on structure level around 1.26300. Drawing Fib extensions we also have a 1.618 and 2.618 confluence at the same level.
If this level holds, I'll be looking for a rally into the 0.382 and 0.618 retracement levels which are both on structure level.
Thanks for sharing your thoughts !
We have a possible AB=CD pattern (with 0.318 retracement) setting up terminating on structure level around 1.26300. Drawing Fib extensions we also have a 1.618 and 2.618 confluence at the same level.
If this level holds, I'll be looking for a rally into the 0.382 and 0.618 retracement levels which are both on structure level.
Thanks for sharing your thoughts !
Check out my FREE indicator scripts:
► tradingview.com/u/Nico.Muselle/
Twitter: twitter.com/NicoMuselle
► tradingview.com/u/Nico.Muselle/
Twitter: twitter.com/NicoMuselle
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.