EURUSD: triangle in wave 4

EURUSD: triangle in wave 4


The price has been rising since a triangle in wave 4 was formed. The main intraday target for wave 5 of (C) is 7/8 MM Level, which could be a departure point for a bearish correction.


There's a developing upward impulse in wave 5. It's likely that wave [iii] is going to move on, so we should keep an eye on 5/8 MM Level as the next bullish target.



Latest news

GBP/USD: confirmed "Thorn" pattern

The last "Pennant" pattern has been broken, so bulls found resistance at 1.2915. Nevertheless, the market is likely going to move on, so we should...


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