EURUSD: triangle in wave 4

EURUSD: triangle in wave 4

2019-11-11 • Updated

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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.

Image20180115113839002.png

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.

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