EURUSD Weekly diamond, daily SHS

٣٠ مايو ٢٠٢٠

EURUSD has broke out from SHS pattern shown on the chart. Target for the breakout is around 1.125-1.127.
This level is significat for many reasons:
- harmonic butterfly completing
- weekly diamond pattern resistance
- and as mentioned above SHS pattern target

My view is, that the diamond will break up, but not just yet. After the above mentioned level there might be a consolidation for several weeks before we can long again.

٤ يونيو ٢٠٢٠

ملاحظة

Top of the diamond pattern reached yesterday. I have closed all my longs at 1.125. The elliot waves show that the upmove has finished.
Now we can expect a consolidation to are 1.10-1.11, this is the area where i will rebuy.

٦ يوليو ٢٠٢٠

ملاحظة

Wait to finish Wave 4 to long again. C wave about to start with a huge fall to around 1.08-1.12, this is the place where i would look for longs