Euro / U.S. DollarShort
The bigger picture?
I think the price is making a descending triangle pattern at the moment, or a flat top ¨abdce¨ triangle regarding Elliot waves.
Which direction will it go? Will the buyers be able to break that level or will the resistance be too strong? This pattern usually break to the upside, but if we see the bigger picture, we are still in a doble three pattern and not yet at the 61.8% correction from de the breakout.
We have some pending liquidity at that area and we are below 200 moving average and strong resistance.
Which direction will it go? Will the buyers be able to break that level or will the resistance be too strong? This pattern usually break to the upside, but if we see the bigger picture, we are still in a doble three pattern and not yet at the 61.8% correction from de the breakout.
We have some pending liquidity at that area and we are below 200 moving average and strong resistance.
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.