Euro has been comfortably above 1.04 since December 2022, On a daily chart we can see it as a diamond pattern which is a sign of a reversal of the trend.
UK election will impact EURO, which is scheduled in the first week of July.
Trading Diamond pattern is similar to any pattern breakout, wait for the breakout and place the stop above or below the swing.
UK election will impact EURO, which is scheduled in the first week of July.
Trading Diamond pattern is similar to any pattern breakout, wait for the breakout and place the stop above or below the swing.
Note
Daily Closure will confirm the breakout.Note
It's still inside the pattern.wait for the breakout. (hopefully down)
Order cancelled
Price did not break down
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.