As we look on Daily Time Frame for EURUSD we can see that there is potential for Regulat Flat Corrective pattern.. If you have read the book you know that Flat Corrective patterns always move in 3-3-5 subwaves.. If so we now can look for Short Opportunites for next month ahead...
Note
Note
Crucial point for price direction.. Rising wedge indicates down trend.. Possible break to the up side..Note
New Structure... Price broke resistance and went above initial (A) corrective wave.. This indicates possibility for Expanded Flat correction on higher degree..Note
Long trade active..
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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.