EUR/USD 4H chart EUR/USD surged after Powell’s speech on Friday…
EUR/USD: new high coming soon
2019-11-11 • Updated
There's a developing diagonal triangle in wave (v) of [c], which is taking place on the four-hours chart. The main intraday target is 5/8 MM Level, which could act as resistance. If so, there'll be an opportunity to have a bearish price movement towards 3/8 MM Level.
It seems like we've got a zigzag in wave ii with a triangle in wave [B]. Therefore, bulls are likely going to deliver wave iii, which means we could have a new local high in the coming hours. If +2/8 MM Level breaks, the Murray math indication will be updated.
This week, there are a few high-probability trade ideas I'd like to recommend to you. Trading these setups, be sure to implement a proper risk management approach.
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