EURUSD 1M PATTERNS - Dynamic Diamond Formation

The diamond is a dynamic pattern, the deciding factor is the direction of the breakout with volume confluence. However, on the order-flow chart we see overwhelming negative delta as well as declining volume suggesting a possible consensus to the downside.

Breakout target is measured by the previous extension.

Formula72 Trading Group - Trader Education, Signal Service, Algorithmic Trading, Live Trade Room.
Formula72.com
FuturesTradeRoom.com