On the weekly chart frame, EURUSD is likely completing the neat (A – Triangle B – C) formation.

Currently, the last subsequent of the pattern is in progress, that under a more bearish view it may be only first wave of the wave C(circled).

A Bullish Alternate Count:

The extended fifth wave of wave C(circled) is likely completing. In which case, the Fibo-target for the terminus point of the pattern, as well establishes on equality ratio with the wave C(circled) at 1.02830 level.

EURUSD - Weekly 1


Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s