Briankirorio

Briankirorio

CAN WE GET A BREAKOUT

Briankirorio

a small upward rally

Briankirorio

the eurusd pullback may have just been to retest the upper trendline of the channel before we see a drop of the currency as we can see reversal candlesticks already formed which should signify a rally downward towards the lower chanell as long as lower lows follow

Briankirorio

a break below 1212.00 should indicate a wave development in progress

Briankirorio

possible flag formation before the diowntrendb resumes

Briankirorio

A BREAK OF THE TRIANGLE PREFERABLY ON THE UPSIDE WOULD SIGNIFY A RESUME ON THE UPTREND AND AN END OF THE RETRACEMENT BUT A LOWER BREAK WOULD SEE PRICES TARGET THE 50-61.8 PERCENT RETRACEMENT BEFORE THE UPTREND RESUMES COMPLETING WAVE THREE

Briankirorio

possible bearish move as we may just be in the third impulse wave wich would be more argssive and would see prices fall lower

Briankirorio

from quarters theory it wou;d suggest a move towards completion of larger quarter 147.500 -145.000.in relation to eliotts wave it may signify end of a correction and hence resumption of a larger degree impulse