EURUSD.
The pair is forming a triangle as a correction pattern. The wave E is usually a confusing one as it never touches the top/bottom channel, but rather remains a small move opposite to wave D.
In such cases, the best way to trade is to wait for the structure break and sell/buy at the resistance as we have one in this chart.
Manage risk while trading.
The pair is forming a triangle as a correction pattern. The wave E is usually a confusing one as it never touches the top/bottom channel, but rather remains a small move opposite to wave D.
In such cases, the best way to trade is to wait for the structure break and sell/buy at the resistance as we have one in this chart.
Manage risk while trading.
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.
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.