Update
Let us take a look at the current choppy move of EURCHF.
Inside is a clear triangle, the trick is to get the right side of the trade.
Simplest option - if the closest above resistance stands - to consider the probability of completing a WXY to the downside (ORANGE).
Second option - the triangle is a bullish one, within a larger three wave move to the upside, testing the H4 high. As such, it will likely complete the larger wave B and we will get the next H4 move down to complete a flat pattern (BLUE)
There are simple thoughts re current structure.
Trade safe and prepare for the nice week-end!
Inside is a clear triangle, the trick is to get the right side of the trade.
Simplest option - if the closest above resistance stands - to consider the probability of completing a WXY to the downside (ORANGE).
Second option - the triangle is a bullish one, within a larger three wave move to the upside, testing the H4 high. As such, it will likely complete the larger wave B and we will get the next H4 move down to complete a flat pattern (BLUE)
There are simple thoughts re current structure.
Trade safe and prepare for the nice week-end!
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.