BruceLevy

EURUSD 1M PATTERNS - Dynamic Diamond Formation

FX:EURUSD   Euro / U.S. Dollar
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The diamond is a dynamic pattern, the deciding factor is the direction of the breakout with volume confluence. However, on the order-flow chart we see overwhelming negative delta as well as declining volume suggesting a possible consensus to the downside.

Breakout target is measured by the previous extension.

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