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EURUSD Long: Elliott Wave Count + Triangle Breakout

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We have a potential break out of the descending triangle. This could either be a continued bullish correction past previous highs, a continued sideways correction. Alternatively, Wave-X could be counted as a series of bearish impulses and this breakout could be a temporary bullish correction before further downside. If that's the case, I will look for bearish opportunities after SL is hit. Either way, I like the odds of a buy here. Cheers

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Just a word of caution, price has entered the PRZ of a bearish Gartley pattern. Currently up about 21 pips.

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Beautiful Breakout! Wave count confirmed. Up about 70 pips now. SL Moved to B/E

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+108 Pips

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glennmercer

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