Let’s take a look at the EUR/USD.
Keep in mind, this is a longer term view and will not happen this week. It seems we’re forming a Contracting Triangle (CT) as part of a Wave 4 of a larger 5 wave movement.
We know that Contracting Triangles is a continuation pattern so once it completes, look for the pair to continue to move up.
Don’t forget, the International Trader’s Expo is coming up this month in Las Vegas, Nevada so be sure to get your FREE passes and sign up for my seminar on Saturday, November 20 at 8 am.