Chart published for the 1001 Pips Project team : Project Trade Like A PRO:
Expecting a retrace from here, after which to make a higher high to complete the retrace of the wave down from 1.16 to 1.11. Once it happens, looking for a short entry in the 1.144-1.146 area for a target around 1.12.
Expecting a retrace from here, after which to make a higher high to complete the retrace of the wave down from 1.16 to 1.11. Once it happens, looking for a short entry in the 1.144-1.146 area for a target around 1.12.
Trade active
Playing the correction now with entry at 1.13727 at the moment.Trade closed: stop reached
Trade for correction stopped at BE. It is a 50/50 chances either way, although I am now more inclined to a bullish break-out to go further up and continue after that the sideways movement seems to be THE awaited correction, Waiting for direction now.
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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.