EURUSD Bullish Butterfly and Long Opportunity

 EURUSD Bullish Butterfly and Long Opportunity Published: 08-12-2018 Pair / Instrument: EURUSD Time Frame: H4 The trend in the Timeframe: BEARISH The trend in the Daily Chart: BEARISH Description: As we have published in our forecasts, we are bearish on EURUSD. We have a broken wedge formation on the Daily Chart and the target of the formation is 1.12400. On the smaller chart timeframes, EURUSD is forming a Bullish Butterfly Harmonic pattern indicating a short-term correction. The first entry level is Fibonacci 1.414 extension of XA at 1.13870. And the second entry level is Fibonacci 1.618 extension of XA at 1.13460. Stops must be placed below 1.13460. After the correction ( targets mentioned below) we predict the bearish move to be continued. Trade Based On: Bullish Butterfly Harmonic Pattern Accuracy: %98 Trade: LONG Entry: 1.13890 Stop Loss: H1 Closing Below 1.13450. Take Profit 1: 1.14400 Take Profit 2: 1.14700