Trade Ideas to Follow This Week
EUR/USD 4H chart EUR/USD surged after Powell’s speech on Friday…
EUR/USD: "diagonal triangle" in wave c of (ii)
2019-11-11 • Updated
There’s a possible flat pattern in wave (ii). Previously, wave (i) has been formed, so the market is likely going to deliver wave (iii) in the short term. The main intraday target is -2/8 MM Level.
We’ve got an expanded diagonal triangle in wave c of (ii), so the price is declining in wave i of (iii). The main intraday target is 2/8 MM Level, which could be a departure point for an upward correction.
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