EURUSD some correction before the final push to point E

21 Ağu 2016

We have been following the ABCD patterns the EURUSD has been making for some time (see below). We broke the Brexit key level and trend line formed by the previous down ABCD pattern. The 'TDI is overbought and we can expect some correction back to the previous structure before the final push to point E. Volume is showing increase on the move up and no demand at the bottom of the pullbacks. So will be waiting for a no demand candle at the pullback to previous structure to go long for the final push to E.