by Sanjay A, July 7, 2022
by Sanjay July 7, 2022
I’ve been tracking an ending diagonal pattern on this pair. It appears wave (iii) may be complete and price may be heading up in wave (iv). If the pattern is correct price should exceed 1.0229. The ECB Monetary Policy Meeting Accounts at 07:30 EST may be the catalyst to drive price up. The one reservation I have is that wave (iii) traveled a lot further than I would have liked.
Stop: 0.9812 Target: above 1.0229 but will take partial profits.
I’m using minimal risk as I’m also short CHF against another pair.
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