Gann Fan
Trade plan EURUSD Consolidation Triangle Breakout patternEURUSD when I was analyzing and setting up the Dual GANN Fans I noticed that the pattern that is actually printing is 60% of a large Triangle that a breakout will occur in the future....if so I can see where price can rise (if the USD falls again) and consolidate in this pattern until BREAKOUT occurs. My educated guess is around Sept/Oct timeframe in-line with a DXY major reversal point that would drive this to break out.
An update for the previous idea.Hello Traders,
As I mentioned in the previous idea, Bitcoin got rejected from the strong support area which is between 34600 and 36200.
Also, as you see on the chart we have the Elliot ABC correction wave which will end around 25700.
Please like and share the idea and tell me what you think?