TimStuyts

EURUSD wave E in progress

FX:EURUSD   Euro Fx/U.S. Dollar
516 5 15
4 months ago
The EURUSD             is in a three wave pattern higher for wave E in this daily triangle consolidation.
We are most likely close to the high for (a) and after a wave (b) consolidation we can buy EURUSD             again for wave (c) higher.
So far all wave 'b' consolidations in this triangle were relatively deep and we can therefore also look to short once wave 'a' is in place.

Updates will follow
4 months ago
Comment: So far all wave 'b' consolidations in this triangle were relatively deep and we can therefore also look to short once wave 'a' is in place.
snapshot

We see the anticipated move lower and if wee see a consolidation by means of a bear flag we can sell the EURUSD once again. However I still favor a leg higher to complete wave C of wave (E).
Only a break below 1.085 indicates the daily triangle consolidation to be over.

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sketchmaster PRO
4 months ago
So, is it possible, that the D wave of this triangle is over (without getting closer to the bottom edge of the triangle)?
Reply
TimStuyts sketchmaster
4 months ago
hello Sketchmaster, I think wave E is in progress at the moment. Let's see whether we get a wave 'b' of wave E consolidation.
+1 Reply
sketchmaster PRO TimStuyts
4 months ago
ok, thank you a lot, Tim. When is the membership going to be ready?
Reply
TimStuyts sketchmaster
4 months ago
That will be this month, but I will host a free webinar with my team and notify all my followers. Safe trades!
Reply
sketchmaster PRO TimStuyts
4 months ago
Thanks, same to you. Have a good weekend. :)
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