Since my last post, there has been massive movements with the USD and I expect more to come as the rally of the USD doesn't look completely finished yet.
I still believe this is an Ending Diagonal and the previous wave 5 I posted is looking more like a wave 3 so this is my update as it is looking likely that the strength in the US dollar is still present.
Wave count: Ending Diagonal
Current count: Wave 4 (Expect a flat of shorts as wave 2 was a Zig Zag)
Forecast count: Expect wave 4 to go into the zone of wave 2
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Happy Trading
NOTE: Entry, SL and TP are not shown as I am not offering a signal service.
I still believe this is an Ending Diagonal and the previous wave 5 I posted is looking more like a wave 3 so this is my update as it is looking likely that the strength in the US dollar is still present.
Wave count: Ending Diagonal
Current count: Wave 4 (Expect a flat of shorts as wave 2 was a Zig Zag)
Forecast count: Expect wave 4 to go into the zone of wave 2
Share and comment
Happy Trading
NOTE: Entry, SL and TP are not shown as I am not offering a signal service.
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.