EURUSD an Ending Diagonal pattern forming on 4 hour time frame!

by Dean Market Profile on Sunday, January 15, 2012 in Currencies, Elliott Wave, EUR USD

EURUSD

We might be close to a bottom on EURUSD. But that is true if our count plays out. There has been persistent positive divergence on EURUSD on many time frames. Its high time they made their presence felt.

If we break below the lower boundary of the falling wedge pattern the down trend may extend.

About Dean Market Profile
Dean is a fulltime trader for last 13 years. He is passionate about technical analysis. His instruments of choice are Nifty and banknifty futures and options. His main analysis and trading tools include advanced techniques like Market Profile, Voilume Spread Analysis and Order FLow Analysis. Dean is a teacher at heart and loves sharing his learnings with committed traders. You can check out his courses here...

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Sunday, January 15, 2012

EURUSD an Ending Diagonal pattern forming on 4 hour time frame!

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