Tuesday, July 7, 2015

Eur/Usd : Triangle wave X?

There's a possibility for a triangle count for wave (X) as shown in the chart below. Should price break the wave a of the triangle low, wave (X) will finish just a bit lower. Yet another possibility is that wave (X) is already finished and this price action is part of wave (Y). 3 possibilities all have in common that price is near a bottom. On a side note, the chart has a different look because i have made it at tradingview.com, you can find me there under the name jdemunter.

2 comments:

  1. It is extremely hard to say where EUR/USD is going to head next, as Trump policy are major spot light, so it is impossible to really say anything with certainty here. I would definitely like to have a go at buy here, but just need to make sure we work with proper way and strategy, as only then we will be able to work better and that is only way we will be able to gain money. It’s easier with OctaFX since they have lowest spread in the market starting from 0.1 pips, but that is not just that, it’s also about sticking on that way.

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  2. This kind of pattern is no guarantee that we will get profits, so we need to go about things according to the situation instead of thinking in one-dimensional way. I always keep my thoughts according to the situation, it’s easier thanks to broker like TradeWiseFX with their brilliant support from tight spreads to fast execution to deposit bonus, it’s all there.

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