Pesavento triangle preceding trendline break and re-test with hidden divergence confirming bearish strength
When price is trading 61.8% in the direction of trend, move stops to entry point. This will give a risk free trade.
Price objective should be the low of the triangle, with potential extension targets plotted on this chart:
Good luck to all trading EUR/USD !
I believe that this will fall after the e wave is finished which I believe it already has. All the Fibonacci levels are lining up perfectly with their corrects letters so technically this is a nice trade. However the market is forever uncertain so we will see what happens.
Not 100% on a profit target. The pulldown may be drastic or pathetic. Just put a stop loss...
