Update
Let us take a look at the current choppy move of EURCHF.
Inside is a clear triangle, the trick is to get the right side of the trade.
Simplest option - if the closest above resistance stands - to consider the probability of completing a WXY to the downside (ORANGE).
Second option - the triangle is a bullish one, within a larger three wave move to the upside, testing the H4 high. As such, it will likely complete the larger wave B and we will get the next H4 move down to complete a flat pattern (BLUE)
There are simple thoughts re current structure.
Trade safe and prepare for the nice week-end!
Inside is a clear triangle, the trick is to get the right side of the trade.
Simplest option - if the closest above resistance stands - to consider the probability of completing a WXY to the downside (ORANGE).
Second option - the triangle is a bullish one, within a larger three wave move to the upside, testing the H4 high. As such, it will likely complete the larger wave B and we will get the next H4 move down to complete a flat pattern (BLUE)
There are simple thoughts re current structure.
Trade safe and prepare for the nice week-end!
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Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.