CLEAR CUT SHORT

29. Aug. 2016

EURUSD is proposed to be in a triangle. Specifically a symmetrical triangle. In a symmetrical triangle, it is composed of 3 waves 2 impulses and one correction. 90 percent of the time the pullback will be a (bull trap) it will pull back at .618 and tank my default target is -23.6 which is most often hit. The pullback created an inflection zone and hit the 100% fib expansion and .618 retracement in the same area just a few ticks apart from each other. Sell the impulse!