The necessity of confirmation for the Ending Diagonal pattern
The necessity of confirmation for the Ending Diagonal pattern completion
This week the best currency for trading is EURGBP. And as we mentioned in the previous analysis, there is a probability that the 5th wave of from Ending Diagonal pattern has ended in the range of 0.9022.
In order to have confirmation for the completion of this pattern, the price requires to cross the range of 0.9112 (end of 4th wave).
The initial target of this uptrend would be 0.9450
This week the best currency for trading is EURGBP. And as we mentioned in the previous analysis, there is a probability that the 5th wave of from Ending Diagonal pattern has ended in the range of 0.9022.
In order to have confirmation for the completion of this pattern, the price requires to cross the range of 0.9112 (end of 4th wave).
The initial target of this uptrend would be 0.9450
