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EURUSD, GBPUSD Triangle Patterns Offer Breakout Zones

Discussion in 'Technical Analysis' started by Kaitlin, Apr 15, 2016.

  1. Kaitlin

    Kaitlin Forum Member

    Aug 29, 2015
    Likes Received:
    The EUR/USD is building a small triangle (orange and green trend lines). A bullish break could indicate that the larger wave 4 (blue) is still not completed. A bearish break of the triangle could indicate that a larger retracement or even reversal (and completion of wave 4) is taking place.[​IMG]

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