EURUSD SYMMETRY TRADING ABC BULLISH PATTERN

1 ก.ย. 2023

Hello Traders! Welcome to Today's EURUSD Analysis.

We've spotted an exciting trading opportunity on EURUSD that we'd love to share with you.

On its hourly chart, EURUSD has carved out a Symmetrical ABC Bullish Pattern. This pattern is characterized by a swing from A to B, followed by a retracement to the 61.8% Fibonacci level.

Currently, the price is trading above our strategically set Entry Level (EL) based on Fibonacci extensions from the previous swings. Here are the trade details:

Long Entry Level (EL): 1.08501

Stop Loss (ST): Once the bullish trend is confirmed, consider setting the stop loss below point C at 1.08259.

Targets:
- Target 1:
- 62% AB: 1.09397
- 79% AB: 1.09699
- Target 2:
- 127% AB: 1.10564
- 162% AB: 1.11188



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