Possible Ending Diagonal to the downside on EUR/USD

Possible Ending Diagonal forming to the downside on EUR/USD could lead to prices moving lower but not too much, if the pattern plays out as expected, we may see a strong pullback. Let's wait and watch.

Kommentera:

Hypothesis 2 : Ending Diagonal for Green W.5 Circled :

4H : Impulse heading in the downward direction :

1H : Possible Ending Diagonal for Green W.5 Circled :

15m : Magnified view with the Impulse down for W.C Green is under progression :

Kommentera:

Hypothesis 1 : Suggesting Impulse down for Green W.5 Circled.

4H :