Hey Traders,
I brought this idea to my mates in the team. We are going to get a breakout in EURUSD
I have been monitoring this corrective structure since the end of December, and it looks like a Leading Diagonal, could break into a slow downtrend move, I don't think it will be a sharp move.
Gold seems to be dropping from the corrective structure it's broken already so these two possibilities in EURUSD.
1- Sideways consolidation forming a flag will develop into a breakout. (BLUE ARROWS)
2- Sharp moves up will develop a 5th wave in the Leading Diagonal structure. (RED ARROWS)
Either way our big trade is the sell!
Hope you like it,
Carlos
I brought this idea to my mates in the team. We are going to get a breakout in EURUSD
I have been monitoring this corrective structure since the end of December, and it looks like a Leading Diagonal, could break into a slow downtrend move, I don't think it will be a sharp move.
Gold seems to be dropping from the corrective structure it's broken already so these two possibilities in EURUSD.
1- Sideways consolidation forming a flag will develop into a breakout. (BLUE ARROWS)
2- Sharp moves up will develop a 5th wave in the Leading Diagonal structure. (RED ARROWS)
Either way our big trade is the sell!
Hope you like it,
Carlos
Comment:
sideways consolidation! We may get the blue arrows happen so I would plan a Sell already!
Comment:
We sold and hit brake even. Because it's finally making a last move up before the final brake. It is likely to reach upper trendline
