EURUSD bounced on the Target Zone 1 yesterday, as plotted by eWH back on the 10th January, when price was rejected by the continuation supply zone, again, plotted by eWH.. That trade, would have netted around 270 pips or more. If you'd missed that, you had a second opportunity to short when price went back to test the BBRN - a good place for a limit sell order, that could have yielded the same return.
Now that TZ1 has been hit, where might price go next? If the bears remain in control, there are two points of interest below the current price, highlighted by using the eWH Fibo Clusters. The first cluster-cluster is pretty close to the Target Zone 2. The second, of particular interest, is right at the bottom of the gap that's been open since April 2017. Might the second anniversary of that gap provide the close?
Time will tell ... :)
Want to know more about the identification of these trade setups? Check out the Free Trader Training Course, for owners of eWH and ATM.
9/3/2019 11:40:37 am
Wherever it goes, using eWavesHarmonics makes sure you catch the action.
9/3/2019 11:44:18 am
I like to think so, Spiros :)
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