EURUSD-triangle scenario working fine but staying aside
According to my previous idea i think the price is forming a big triangle:
The B leg appears to be completed and now the price is moving toward the C leg completion.
We can look for longs now but Its tricky to trade inside a triangle, so im staying aside and wait for the leg C completion.
There is a potential bearish bat pattern at a strong structure, trendline resistance and EMA 200 near that level. I will be looking to sell there.
Right now im long on EURGBP so im leaving this pair until i see a better scenario.
Happy Weekend.
The B leg appears to be completed and now the price is moving toward the C leg completion.
We can look for longs now but Its tricky to trade inside a triangle, so im staying aside and wait for the leg C completion.
There is a potential bearish bat pattern at a strong structure, trendline resistance and EMA 200 near that level. I will be looking to sell there.
Right now im long on EURGBP so im leaving this pair until i see a better scenario.
Happy Weekend.