What happens if I select a regulator?

Admiral Markets UK is regulated by the UK Financial Conduct Authority (FCA): Firm Ref № 595450.

Admiral Markets AS is regulated by the Estonian Financial Supervision Authority (EFSA): License № 4.1-1/46.

Selecting one of these regulators will display the corresponding information across the entire website. If you would like to display information for a different regulator, please select it.

Thank you, got it

EUR/USD Waiting to Break Triangle Chart Pattern

September 04, 2017 04:30


4 hour

The EUR/USD could be building an ABC (red) correction within a larger wave 4 (blue) pattern. A break below the support trend line (blue) would increase the likelihood of such an ABC. The ABC correction (red) is invalidated if price breaks above the 138.2% Fib at 1.2165. A break above the resistance trend line (red) could indicate that there is bullish pressure to test the Fib levels of wave B vs A.

1 hour

The EUR/USD is building a triangle chart pattern which is indicated by the trend lines (red/blue).


4 hour

The USD/JPY continues with its sideways correction between the support zone and the resistance levels (red line and red box). For the moment a larger bullish wave C (orange) still seems more likely.

1 hour

The USD/JPY has completed a bearish ABC (green) correction which could indicate a potential bullish bounce. But the overall market structure remains choopy.


4 hour

The GBP/USD is building a corrective bullish channel (red/blue). The bullish price action is probably part of a wave 2 (red).

1 hour

The GBP/USD seems to have completed an ABC (green) correction within wave B (grey), which could indicate that a new bearish correction could take place within an expanded wave B (purple).

Follow @ChrisSvorcik on twitter for latest market updates.
Connect with Chris Svorcik on Facebook for latest Forex and education tips.

MT4 Supreme Edition + Volatility Protection

' + key + "=" + value + ''); } else { return uri + separator + key + "=" + value; } } function getCookie(name) { var value = "; " + document.cookie; var parts = value.split("; " + name + "="); if (parts.length == 2) return parts.pop().split(";").shift(); } $('.kmi-listener').on('click', function() { if($(this).attr("href").indexOf('kmi=') == -1) { var km_cookie = getCookie('km_ni') || getCookie('km_ai'); if(km_cookie) { $(this).attr("href", updateQueryStringParameter($(this).attr("href"), 'kmi', km_cookie)); } } });