Another scenario of monthly correction of EURUSD. When the daily rising wave continues, the structure becomes a large running flat pattern.
Therefore, when the last daily correction trend line is broken, it will be the (X) position, and it will be a pattern that rebounds in the weekly demand zone and continues a large uptrend.
However, if the daily uptrend breaks before the rise, this scenario is void.
Therefore, when the last daily correction trend line is broken, it will be the (X) position, and it will be a pattern that rebounds in the weekly demand zone and continues a large uptrend.
However, if the daily uptrend breaks before the rise, this scenario is void.
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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.