EURUSD seems to be making a relatively well defined triangle pattern.
If it develops harmonically, like the book would have said (yellow line), we should see another move up after a retest of lows before ending.
However, another possibility occurs to me (purple line), which is that it went up now and finished the pattern sooner.
Which one do you agree with the most?
I'd say the purple one.
Good luck with your trading!
If it develops harmonically, like the book would have said (yellow line), we should see another move up after a retest of lows before ending.
However, another possibility occurs to me (purple line), which is that it went up now and finished the pattern sooner.
Which one do you agree with the most?
I'd say the purple one.
Good luck with your trading!