SteynTrade
Long

EURUSD Counting your ABCs

FX:EURUSD   Euro / U.S. Dollar
We are in a corrective phase on the EURUSD             with what looks like a contracting triangle forming with many ABCD patterns. We had a bounce of the bottom of the cloud last week and looks like we will be going long aiming for the long-term trend line in the coming week. Then a finalization of the D wave to resistance at 1.1000 level. Hey but the Market can do what it wants so will be following the Kijun Sen on the 1h to give me direction.
Hard and good work
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Thanks. Still seems to be following the pattern even after Brexit. Only now the completion time for point D has been fast forwarded by a week. As a result I now expect point E and then the big down move to be reached sooner. I will make a new post with an update for the week to come this weekend.
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Here is an image to make the ABCs clearer
snapshot
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