Update
Let us take a look at the current choppy move of EURCHF.
Inside is a clear triangle, the trick is to get the right side of the trade.
Simplest option - if the closest above resistance stands - to consider the probability of completing a WXY to the downside (ORANGE).
Second option - the triangle is a bullish one, within a larger three wave move to the upside, testing the H4 high. As such, it will likely complete the larger wave B and we will get the next H4 move down to complete a flat pattern (BLUE)
There are simple thoughts re current structure.
Trade safe and prepare for the nice week-end!
Inside is a clear triangle, the trick is to get the right side of the trade.
Simplest option - if the closest above resistance stands - to consider the probability of completing a WXY to the downside (ORANGE).
Second option - the triangle is a bullish one, within a larger three wave move to the upside, testing the H4 high. As such, it will likely complete the larger wave B and we will get the next H4 move down to complete a flat pattern (BLUE)
There are simple thoughts re current structure.
Trade safe and prepare for the nice week-end!
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.