Zonayed

Zonayed Updated 

EURUSD has most likely formed a Contracting flat pattern ( Elliott Wave ), which is a Trend continuation pattern. From this perspective, a Low Risk, High Reward position can be opened. The previous Daily, Weekly trend is Short. If Pattern remains valid, downtrend will continue and price will continue downward from here. Pattern/ Trade Idea will get invalidated at...

Zonayed

PA indicates a corrective pattern currently developed as a FLAT pattern. We are assuming it to be a contracting flat, however, it might evolve into a lengthier correction leading to a complex correction or a Triangle. All of which depends on if the top gets broken or not. We do have a long position placed with Low risk High return trade. Trade based on...