EURUSD Weekly diamond, daily SHS
EURUSD has broke out from SHS pattern shown on the chart. Target for the breakout is around 1.125-1.127.
This level is significat for many reasons:
- harmonic butterfly completing
- weekly diamond pattern resistance
- and as mentioned above SHS pattern target
My view is, that the diamond will break up, but not just yet. After the above mentioned level there might be a consolidation for several weeks before we can long again.
This level is significat for many reasons:
- harmonic butterfly completing
- weekly diamond pattern resistance
- and as mentioned above SHS pattern target
My view is, that the diamond will break up, but not just yet. After the above mentioned level there might be a consolidation for several weeks before we can long again.
Note
Top of the diamond pattern reached yesterday. I have closed all my longs at 1.125. The elliot waves show that the upmove has finished.Now we can expect a consolidation to are 1.10-1.11, this is the area where i will rebuy.
Note
Wait to finish Wave 4 to long again. C wave about to start with a huge fall to around 1.08-1.12, this is the place where i would look for longs
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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.