EURUSD potential trianglr count complete at 1.1780 ?

18 Agu 2020

EURUSD sideways triangle might be complete around 1.1780 and it could be heading to print a shallow high above 1.1916. The previous high at 1.1916 just broke, and bulls manage to print higher towards 1.1930 mark. This could be the last sub wave to complete a larger degree corrective wave. EURUSD had dropped from 1.2555 through 1.0879 as an impulse wave. A corrective wave was unfolding since then as a expanded flat A-B-C (not seen on the hourly chart here). The structure finally seems to be complete and into its lower degree sub wave right now. Watch out for a sharp reversal soon.

Aggressive traders remain short against 1.1990/1.2000.

Good luck!