EURUSD - Triangle Formation
EURUSD.
The pair is forming a triangle as a correction pattern. The wave E is usually a confusing one as it never touches the top/bottom channel, but rather remains a small move opposite to wave D.
In such cases, the best way to trade is to wait for the structure break and sell/buy at the resistance as we have one in this chart.
Manage risk while trading.
The pair is forming a triangle as a correction pattern. The wave E is usually a confusing one as it never touches the top/bottom channel, but rather remains a small move opposite to wave D.
In such cases, the best way to trade is to wait for the structure break and sell/buy at the resistance as we have one in this chart.
Manage risk while trading.
Penafian
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