Price is forming expand triangle @ wave 2. Sell some pips!
In the pattern I drew, wave (A), (B) and (C) has clear structure of ABC. So, I expect 2 next waves are ABC too!
Maybe a double zz for this pair. Buy with care and set target at Fibo 50%.
In correction of wave (4) of wave 3. Looking for a buy of wave (5). Wave 4 may be a expand flat.
In process of develop an ending diagonal (wave 5).
Price seems to form a wedge of 5 waves. Sell wave 4 and 5 is a good idea!
Looking for next the 3rd impulse wave. Price had broke the correction and pulled back. Sell the lower time frame.
This pair is still in the bear trend and developing an incomplete correction of WXY (may be a double ZZ). Buy wave Y is good option.
I am looking for another Buy entry if price breaks the current correction. It look like a wedge!
After breaking out the daily trendline, price moved slowly and forming likely an expand triangle. Looking for a sell when it finished wave E!
I will add more wave count in H1 timeframe to capture the bull breakout!
Why will I sell this? Up wave is a corrective wave. A falling breakout is an impulse Following this impulse is a corrective (may by a flat 3-3-5 or a complex)
I followed this pair from previous idea and wait for breakout to confirm a moving up. Today, price seem to break the main trendline (red bold line) anc pulled back a little bit. I forecast a huge move is coming soon. Buy the breakout in H1 is good idea.
Hi friends, The massive bear wave corrected by the first impulse wave. I wait for the next impulse. If the price pulled back, I will look for a buy at 50% fibo correction! Thanks
hi all, In previous idea , I figured out a wrong structure, price continue going down. And here is why I was wrong: The structure should be a triangle as the chart above. Price would be bear in next days....
I can figure out 2 cases of this pair: 1st case. The correction seems to end @ major trendline start from wave 1 (up trend) . I refer this case. 2nd case: The correction still in Zigzag and continue to break out bellow previous LL and travel to make a C leg. In both cases, we have a narrow zone to buy and sell with good RR! Thanks
I am looking for a bull rather than a bear for this pair just because we are in the correction. For whole waves count of the bull trend, price seems to form an WXY and we are on wave b of wave Y.
Price had finished wave 3 which retract nearly 100% of wave 1 (5 waves ) and moving down strongly. For my wave count, this could be initial move of a big wave 3 to reach the bottom @116.00. Capture wave 3 of 3 is the best idea! Thanks