$EURUSD - Classic flag pattern before the US data
Hello friends!
Following a flat flag pattern here on EURUSD, As the last move in 1H chart containes only ABC pattern and is not an impulse wave I'm not expecting a huge massive uptrend here, continuation of the correction makes tons of sense as from the last impulse the correction didn't even reach 0.382. Nevertheless, if the breakout is confirmed, and the US again feds us with poor, sloppy data then the breakout will be confirmed and Euro will fly towards 1.20. Technicals say - correction continuation, fundamentals say - Euro will jump to 1.20.
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May you be safe and may your trades be profitable!
Cheers!
Following a flat flag pattern here on EURUSD, As the last move in 1H chart containes only ABC pattern and is not an impulse wave I'm not expecting a huge massive uptrend here, continuation of the correction makes tons of sense as from the last impulse the correction didn't even reach 0.382. Nevertheless, if the breakout is confirmed, and the US again feds us with poor, sloppy data then the breakout will be confirmed and Euro will fly towards 1.20. Technicals say - correction continuation, fundamentals say - Euro will jump to 1.20.
Follow me for more ideas, I post ideas every day (try to at least).
May you be safe and may your trades be profitable!
Cheers!
Trade closed: target reached