EURUSD Counting your ABCs

18 giu 2016

We are in a corrective phase on the EURUSD with what looks like a contracting triangle forming with many ABCD patterns. We had a bounce of the bottom of the cloud last week and looks like we will be going long aiming for the long-term trend line in the coming week. Then a finalization of the D wave to resistance at 1.1000 level. Hey but the Market can do what it wants so will be following the Kijun Sen on the 1h to give me direction.