Hi traders,
Last week EU made an impulse wave up just like I've said. Check my previous outlook.
But the impulse wave was not very strong and price made an overlapping pullback which indicates a Diagonal pattern. I think price is making a leading diagonal wave 1 (red) of wave 5 (black).
So next week we could see the next impulse wave 5 (orange) up to finish wave 1 (red) and the start of a bigger pullback for wave 2 (red).
Let's see what the market does and react.
Trade idea: Wait for a bigger correction down to trade longs to the higher Weekly FVG.
If you want to learn more about trading with FVG's, liquidity sweeps and Wave analysis, then make sure to follow me.
This shared post is only my point of view on what could be the next move in this pair based on my technical analysis.
Don't be emotional, just trade your plan!
Eduwave
Last week EU made an impulse wave up just like I've said. Check my previous outlook.
But the impulse wave was not very strong and price made an overlapping pullback which indicates a Diagonal pattern. I think price is making a leading diagonal wave 1 (red) of wave 5 (black).
So next week we could see the next impulse wave 5 (orange) up to finish wave 1 (red) and the start of a bigger pullback for wave 2 (red).
Let's see what the market does and react.
Trade idea: Wait for a bigger correction down to trade longs to the higher Weekly FVG.
If you want to learn more about trading with FVG's, liquidity sweeps and Wave analysis, then make sure to follow me.
This shared post is only my point of view on what could be the next move in this pair based on my technical analysis.
Don't be emotional, just trade your plan!
Eduwave
🆓 Check my IG posts for free education
💯 Learn to trade my plan based on FVG's and wave analysis with my e-book, inclusive in my VIP Discord: eduwavetrading.gumroad.com/l/vipdiscord
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💯 Learn to trade my plan based on FVG's and wave analysis with my e-book, inclusive in my VIP Discord: eduwavetrading.gumroad.com/l/vipdiscord
🔥 Other (free) products: eduwavetrading.gumroad.com
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.
🆓 Check my IG posts for free education
💯 Learn to trade my plan based on FVG's and wave analysis with my e-book, inclusive in my VIP Discord: eduwavetrading.gumroad.com/l/vipdiscord
🔥 Other (free) products: eduwavetrading.gumroad.com
💯 Learn to trade my plan based on FVG's and wave analysis with my e-book, inclusive in my VIP Discord: eduwavetrading.gumroad.com/l/vipdiscord
🔥 Other (free) products: eduwavetrading.gumroad.com
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.