On Friday we looked at what sort of week to expect in EUR/USD and came up with the following chart, based on Friday being the largest range day of the week, and these types of weeks following:
Another thing to note though, is that a week projecting to have just a large range Wednesday also tends to be up:
And then of course the projection of an up week with a large range Wednesday being another bullish pattern…
Either scenario would provide a nice trade at the breakout of Monday’s high towards early Friday if any of the patterns hold.
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