As the previous idea, I expect the strong bullish impulse.
As long as this week's low(1.5409) can't be broken, I'd continuously put longs.
WHY BULLISH 🐂
1)
The price was bounced the red resistance line on last Friday, where the 1st wave(impulse) might've been hit.
2)
ABC correction might've been formed at the this week's low.
c is the fib 61.8% between 0 and 1
3) IMPORTANT
b has been broken and hit 1.554(2_1). This break can support the bullish idea, which tells us the correction might be over
The following is a summary of the above.
✅Daily 0 - 1.5252(last week's low)
✅Impulse
✅Daily 1 - 1.569(Last week's high)
✅Correction ABC
✅Daily 2? - 1.5409(Fib 68.2% of Daily 0 and 1)
✅Daily 2_1? 1.554
✅Daily 2_2? 1.542
✅Daily 2_5=3 - Daily 1 must be broken
*This idea's invalid level is Daily2_2 - 1.542
If 1.542 is broken, 2_1,2_2,2_3 are ABC correction. Stop should be this level.
Thus, if we are on the 3rd wave(impulse), the strong bullish price movement is expected.
PLEASE DO NOT FORGET TO LIKE👍🏻 AND FOLLOW ME! THANK YOU 🎉
As long as this week's low(1.5409) can't be broken, I'd continuously put longs.
WHY BULLISH 🐂
1)
The price was bounced the red resistance line on last Friday, where the 1st wave(impulse) might've been hit.
2)
ABC correction might've been formed at the this week's low.
c is the fib 61.8% between 0 and 1
3) IMPORTANT
b has been broken and hit 1.554(2_1). This break can support the bullish idea, which tells us the correction might be over
The following is a summary of the above.
✅Daily 0 - 1.5252(last week's low)
✅Impulse
✅Daily 1 - 1.569(Last week's high)
✅Correction ABC
✅Daily 2? - 1.5409(Fib 68.2% of Daily 0 and 1)
✅Daily 2_1? 1.554
✅Daily 2_2? 1.542
✅Daily 2_5=3 - Daily 1 must be broken
*This idea's invalid level is Daily2_2 - 1.542
If 1.542 is broken, 2_1,2_2,2_3 are ABC correction. Stop should be this level.
Thus, if we are on the 3rd wave(impulse), the strong bullish price movement is expected.
PLEASE DO NOT FORGET TO LIKE👍🏻 AND FOLLOW ME! THANK YOU 🎉
Trade active:
BUY AT 1.5503
