EURUSD
The Euro is still consolidating by means of a Bull-Flag. For my previous post see below:
We have to keep in mind that although this sideways price action seems corrective at first, it might result in a leading diagonal if we see 1 more low. See chart below:
A leading diagonal can either be a wave 1 which indicates that the correction for the EURUSD was over around 1.105, or it can be a wave A (which is less likely at the moment) and this would indicate that a corrective combination is in progress.
Based on fundamentals and higher time frame structure I still favor a bullish break to be next but we trade what we see and therefore I will be watching price action in the beginning of next week for clues.
Updates will follow.
timstuyts.com
facebook/timstuyts/
We have to keep in mind that although this sideways price action seems corrective at first, it might result in a leading diagonal if we see 1 more low. See chart below:
A leading diagonal can either be a wave 1 which indicates that the correction for the EURUSD was over around 1.105, or it can be a wave A (which is less likely at the moment) and this would indicate that a corrective combination is in progress.
Based on fundamentals and higher time frame structure I still favor a bullish break to be next but we trade what we see and therefore I will be watching price action in the beginning of next week for clues.
Updates will follow.
timstuyts.com
facebook/timstuyts/
관련 발행물
면책사항
이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.