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 !
Looking for a buy overall on this pair. I've added notes to the chart on my analysis.
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...