Here is my view about the future moves this pair will make. I am in the sell already and after target is reached, will look for a buy setup as shown in the chart.
Please remember: you should only trade these structures if you understand them well and have a well tested strategy you can use for money and trade management. Otherwise you will loose money.
Good luck!
Please remember: you should only trade these structures if you understand them well and have a well tested strategy you can use for money and trade management. Otherwise you will loose money.
Good luck!
Trade active
Note
If it takes us out it means that it will go for a 3rd impulse up completing a 5 wave structure instead of a 3 wave one which I presumed. Anyway, if stop will be hit, I will be looking to reenter at the reversal at the completion point of the 5 wave impulse. I wiil update it when it will happen. Trade closed: stop reached
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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.