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harshjapee

EURUSD carving a triangle or a flat? - December 19, 2017

Short
Euro / U.S. Dollar (FX:EURUSD)  
harshjapee  
FX:EURUSD   Euro / U.S. Dollar
Trend Analysis Chart Patterns Wave Analysis Technical Analysis EURUSD
7
1
trendanalysis chartpattern waveanalysis technicalanalysis eurusd
The EURUSD consolidation continues for now. As highlighted, it is either carving a flat (higher potential), or a triangle (testing resistance trend line) before it terminates into wave 2 of (3). Overall structure still stands to be inclined towards bears till prices stay below 1.1960. Trading point of view, remain short, stop above 1.1960, target 1.1600 and 1.1550 at least. Please not this setup falls under short-medium term swing trade. Never trade without a stop.

Good luck

Sincerely
Harsh
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