Possible expanding flat on this pair.
Idea is that we are in wave C of an expanding flat, in B of one higher degree. Expecting a strong turn upward with beginning of C wave at the area of 1.100.
Let's see what happens. I would love your feedback!
Cleaner view without indicators:
Idea is that we are in wave C of an expanding flat, in B of one higher degree. Expecting a strong turn upward with beginning of C wave at the area of 1.100.
Let's see what happens. I would love your feedback!
Cleaner view without indicators:
Trade active
Forgot to update! Trade hit entry, and I added to the long at 1.09917. The reaction at the end of the 5th wave was what we wanted for confirmation of this count. We should now be beginning a 1-2-3-4-5 impulse for the C wave. Trade closed manually
Updated my count idea. Because this ended up retracing beyond the .618, I now think this move up was part of a correction and not the impulse up for C wave.
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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.