SteynTrade
Long

EURUSD Counting your ABCs

FX:EURUSD   Euro Fx/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.
SteynTrade
8 months ago
Here is an image to make the ABCs clearer
snapshot
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FXKOPPA
8 months ago
Hard and good work
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SteynTrade FXKOPPA
8 months ago
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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