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Reverse ‘W’ on Euro

Posted by Cire2222 on Jun 19, 2008

Reverse ‘W’ on Euro?

A couple days ago we completed we we call the ‘W’ formation breakout on the USD/JPY pair.  you can see the final chart and post on that here http://tradersbase.com/tb-trade-review/w-formation-with-fibs/index.html   Now I see a possible reverse ‘W’ formation in the EUR/USD pair so keep an eye out on this pair.  I think the swing low support will be broker if we go test it again.

EUR/USD

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