EURUSD TRIANGLE FORMATION

17 בפבר׳ 2019

EURUSD is at the lowest level of a consolidation at Daily chart. Lowering timeframes, I can see a triangle at 1H chart that has been broken after a triple bottom. I will wait for the 0.618 fib. retracement and a reversal pattern at that level in order to enter long. Possible trend reversal if this triangle keeps my analysis. You can set your targets with AB=CD completion as always or at 1.272 fib extension. ENJOY.