Another Forex Trading Snack!
The EUR has been trapped inside of a multi year wedge pattern ( indicated by the blue trend lines ) but once it broke out of this pattern it’s bias in my opinion is to the long side. Also recently the DXY index has formed a wedge like shorter term pattern and the exact inverse pattern of the DXY is the gray trend lines indicated on...
And here is another Forex Trading Snack.
This pair is offering up one of the cleanest Elliott Wave 5 wave setups right now. I usually post this kind of setups as EW 5 wave.
On the chart we have additionally a down sloping channel pattern that is slow in price movement and has over lapping price action forming the wave 3 down to wave 4 in the pattern. This kind...
