EURUSD Buy Opportunity - Wolfe Wave & Triangle Patterns Forming
Updated
There is a support line (the yellow dotted line) coinciding with 78.2 and 88.6 area of a fibonacci zone which should provide support. A triangle pattern seems to be forming a wolfe wave since the 5th wave has gone outside the triangle support lines. I have put two entries, a normal entry and a conservative entry for traders who don't like risk, and again a conservative target and the normal target.
Comment
If the current support line is not strong enough to stop the current move and cause a reversal and 1.1250 is reached and broken then brace yourselves for 1.1183 - 1.1160 area where there is a structural support coinciding with a Fibonacci price projection.Related publications
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