2020-07-28

EUR vs USD

IN THE NAME OF ALLAH THE MOST GRACIOUS THE MOST MERCIFUL
EUR/USD ON THE DIALY RANGE
I DO THINK ALTHOUGH EURO HAS RISEN ALL THIS HIGHS, BUT STILL BEARISH ON EURO AND I THINK ITIS STILL CORRECTED IN THE COUNTER TREND AS WAVE (2) THIS VIEW IS NAGATED WEN EURO MAKE A NEW HIGH  ABOVE 1.2511
THE SECOND GRAPH , WE HAVE  A BEARISH CRAB PATTERN WHICH COMPLEMENT THE HARMONIC RESISTANCE IN RANGE 1.2033-1.2048
WE HAVE A CLEAR UPSIDE TARGET  FAR FROM ELLIOTT ANALYSIS WHICH CARRIES SOME POSSIBILITES
HOW TO TRADE WITH HARMONIC PATTERNS:- WE HAVE TWO POINTS TO ENTRY TRADE FIRST: 1.07755 OR 1.0766 ,THIS POINT IS THE START OF WAVE THREE WHICH IS THE STRONGEST WAVE IN TRENDING WAVES, THE SECOND POINT IS CLOSING ABOVE 1.1148(B) POINT UNTIL THE COMPLTION OF THE CRAB PATTERN AT RANGE OF 1.2033-1.2048 ROUGHLY 1000 PT