EURUSD. Diagonal pattern. Sell limit
On 15 min chart, eurusd shows uptrend with diagonal pattern which composes many zigzag inside. Sharply reversal will be soon.
Recommend: sell limit at termination of wave 5 ( at level wave 5 equals 0.618 wave 3).
Stoploss at level where wave 5 longer than wave 3.
Target at 0.618 retracement of whole diagonal. Maybe using trailing stoploss
Recommend: sell limit at termination of wave 5 ( at level wave 5 equals 0.618 wave 3).
Stoploss at level where wave 5 longer than wave 3.
Target at 0.618 retracement of whole diagonal. Maybe using trailing stoploss
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.