EURGBP in a triangle pattern
What we can see here is a corrective pattern forming after the complete move of 1-2-3-4-5 impulse.
The correction pattern that is playing out is a triangle, and as wee can see , the A, B and C of the pattern has been fully formed, each is a zig zag,,, so we are left with two options, either wave D and E of the triangle pattern has been complete so we are buying for new impulse, or we are currently buying the second zigzag leg of wave D which will be followed buy a wave E then the resumption of the bullish impulse.
Regardless of the 2 options we can deduce a buy signal with an invalidation level below wave C low.
The correction pattern that is playing out is a triangle, and as wee can see , the A, B and C of the pattern has been fully formed, each is a zig zag,,, so we are left with two options, either wave D and E of the triangle pattern has been complete so we are buying for new impulse, or we are currently buying the second zigzag leg of wave D which will be followed buy a wave E then the resumption of the bullish impulse.
Regardless of the 2 options we can deduce a buy signal with an invalidation level below wave C low.
To get precise entry price, SL and TP for all our trade signals and analysis join my telegram channel 👉 t.me/forexhub_channel 🚀🚀🚀
You cna always chat me up directly t.me/abdollar_fx
You cna always chat me up directly t.me/abdollar_fx
منشورات ذات صلة
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.