BREAKOUT IN EURUSD - 1H CHART
Updated
Hey Traders,
I brought this idea to my mates in the team. We are going to get a breakout in EURUSD
I have been monitoring this corrective structure since the end of December, and it looks like a Leading Diagonal, could break into a slow downtrend move, I don't think it will be a sharp move.
Gold seems to be dropping from the corrective structure it's broken already so these two possibilities in EURUSD.
1- Sideways consolidation forming a flag will develop into a breakout. (BLUE ARROWS)
2- Sharp moves up will develop a 5th wave in the Leading Diagonal structure. (RED ARROWS)
Either way our big trade is the sell!
Hope you like it,
Carlos
I brought this idea to my mates in the team. We are going to get a breakout in EURUSD
I have been monitoring this corrective structure since the end of December, and it looks like a Leading Diagonal, could break into a slow downtrend move, I don't think it will be a sharp move.
Gold seems to be dropping from the corrective structure it's broken already so these two possibilities in EURUSD.
1- Sideways consolidation forming a flag will develop into a breakout. (BLUE ARROWS)
2- Sharp moves up will develop a 5th wave in the Leading Diagonal structure. (RED ARROWS)
Either way our big trade is the sell!
Hope you like it,
Carlos
Note
sideways consolidation! We may get the blue arrows happen so I would plan a Sell already!Note
We sold and hit brake even. Because it's finally making a last move up before the final brake. It is likely to reach upper trendline
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