Corrective structure in place. wave B almost in completion on weekly structure, to retrace 61.8% of A, then we will be looking for a fall to complete wave C. a lower timeframe can give u an entry to the upside for a short term trade while the long term traders can wait for the C wave to start forming to go short
Note
looks like wave C has started forming on 4hr. price was rejected by channel. enter @ 0.87530.. might be a trade to be entered by MondayTrade active
Note
TP1 0.86360TP2 0.84001
SL 0.90922
Note
200+ pips in the trade and still runningNote
if u had entered with a bigger lot (contract) you might wanna scale out and leave the trade runningTrade closed manually
new structure forming
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.
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.