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kwaziphungula

EURUSD Buy Opportunity - Wolfe Wave & Triangle Patterns Forming

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Euro / Dolar A.S. (FX:EURUSD)  
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FX:EURUSD   Euro / Dolar A.S.
EURUSD Wolfe Wave Triangle Pennant Pennant Symmetrical Triangle LONG buysignal buying buy buyzone Chart patterns chart Forex forexsignals forextrading forextradingzones forexanalysis EUR USD dollar hourly signals trend reversal support Support and Resistance Trend Lines trendcontinuation patterntrading
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There is a support line (the yellow dotted line) coinciding with 78.2 and 88.6 area of a fibonacci zone which should provide support. A triangle pattern seems to be forming a wolfe wave since the 5th wave has gone outside the triangle support lines. I have put two entries, a normal entry and a conservative entry for traders who don't like risk, and again a conservative target and the normal target.
Komen:
If the current support line is not strong enough to stop the current move and cause a reversal and 1.1250 is reached and broken then brace yourselves for 1.1183 - 1.1160 area where there is a structural support coinciding with a Fibonacci price projection.

Idea Berkaitan

kwaziphungula
EURUSD Long Trend Continues
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