EURUSD. Long then short. ABCDE Contracting triangle
It is quite possible that we are in a last wave E up (green arrow)
before the collapse of the pair to the parity area between the 1.03 and 1.00 (red arrow).
I put the 78.6 Fib to flag the possible reversal point.
I put thin dashed red vertical lines to isolate each wave inside of a triangle to facilitate the understanding of the setup.
before the collapse of the pair to the parity area between the 1.03 and 1.00 (red arrow).
I put the 78.6 Fib to flag the possible reversal point.
I put thin dashed red vertical lines to isolate each wave inside of a triangle to facilitate the understanding of the setup.
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