Forex EUR/USD Daily Video, 08 August, 2019

[Sive Morten]

Good morning,

EUR turns to triangle consolidation, which, by our view, could be preparation to upside breakout:





The technical portion of Sive's analysis owes a great deal to Joe DiNapoli's methods, and uses a number of Joe's proprietary indicators. Please note that Sive's analysis is his own view of the market and is not endorsed by Joe DiNapoli or any related companies.

 

[Brett Reynolds]

When i saw yesterday's 'High Wave' Inside Trading Day..i placed Buy Stop order @ 1.1250.
Will need to watch this one because it could easily be 'fake' breakout...so ideally to monitor this when it occurs.!?

 

[minimax]

I expect triangle will fall due South... something like this

 

[minimax]

Going up to go down..

 

[minimax]

I read this congestion as 5 waves C leg, so up first, dont expect very high anymore, and then below A, but not deep in my opinion..