A Shout out to Graddhy for calling this a FBO ( false breakout)

False breakouts usually reverse strongly and breakout the other way. I did not expect this. Well done Graddhy.

Also a shout out to Spock who has called for a ww ( wolfe wave) target for the US Dollar that is way down there.

This FXE chart has a ww target line as shown…and its a classic set up. Shout out to Randy ( Mr Wolfe)


Now having said all this there is a possibility this was a morphing pattern …which means the bottom AND top lines on the original black triangle both had FBOs and he new pattern could be the depicted Red dotted rectangle.

For now however advantage Euro bulls ( Dollar Bears).

Need to see follow thru as usual.

to watch in real time
https://stockcharts.com/h-sc/ui?s=FXE&p=W&yr=6&mn=0&dy=0&id=p47032720915&a=535382408

My question of the day is…why is Gold not going Nucken futz ?

Perfect Pitch(fork)

And of course as always…What about Bob ?