CapMoore

Yearly PP next and bottom of Megaphone Pattern.

FX:EURUSD   Euro Fx/U.S. Dollar
236 1 0
Last weeks miss to trade Yearly PP (blue) 1,
and bounce off the perfect Megaphone (Expanding
triangle) creating a HH on Daily tf. Monthly PP hadn't
been traded so it did this week with another perfect
touch of the Megaphone pattern, and then returning
right back to deal with the Yearly PP. Support could
include Yearly PP , 1,3470 and below the lower line
of the expanding triangle.
No 1 is at the 2nd touch of the lower TL.
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