EverythingForex

QUICK ANALYSIS: EURUSD - Expanding Triangle Wave 4 Not Yet Done

FX:EURUSD   ユーロ/米ドル
This is a trade that was given out to my member's:
"TRADE ALERT: CLOSED TRADE: EURUSD SELL@1.07947 SL@1.08250 TP@1.07160 TP Hit +78 pips profit."

Unfortunately, I could not post it here. But the reason why I want to mention it now (besides the shameless plug for my service) is that this pair is setting up for some kind of big move soon and waking up out of its' funk. But first, it must finish off this wave 4 consolidation. The way I have it doing that is to finish this expanding triangle pattern, This is the pattern I presented to my members and issued the trade advice to sell from the leg C for a ride down the leg D. Now that it has done that and we have collected our pips, what I am now looking for is to trade that leg E up to finish the expanding triangle. Now, there is no guarantee that it will do that and not just take off downwards from here. So in order to take that LONG trade up the leg E, I'll need to see PA confirm that move.

There is also the matter of that POTENTIAL Bat pattern that is still waiting to be completed. A move up in that leg E to the top TL of this expanding triangle will do that.

MY TRADE PLAN
I am waiting for some bullish PA to tell me to take a LONG trade. Till then, I am still just waiting.....but when I see the trade develop, a trade notice will be going out to my members in REAL-TIME first as it happens.

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*DISCLAIMER:
Please keep in mind that I am not giving any trading signals or trade calls here. Only providing my own trade thoughts for your benefit and insight as to my trading technique and style. Please don't ask if you should or should not take the trade or ask for stop loss and take profit levels. Any SL or TP given on my trades are my own I have used for my trade and are not recommendations for you to use. If you are not sure, then you do not have a trading plan for yourself in place. I suggest you make one before you continue to do any trading!

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