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Correctivestructure

UCAD update, w/ My understanding on Wave TheoryThe chat boxes pretty much explain it all! :) Also my thought process of what "Wave Theory/Principle" is and isn't in regards to "predicting" the market, no one has the crystal ball, just tools to help turn a shitty ass piece of Crystal into a bad ass trinket that you can sell for loads of money... or just high probability low R/R setups. Whatever you're into :0 Thanks for the support! As always If you like/agree give me a thumbs up/comment If you don't like give me a thumbs down in the comments and tell me what you thinking! :)
Short
by adambiers
1
GBP/USD Triple Bottom + 61.8% Fib ConfluenceHi Traders, This trade set up is for GBP/USD based off of the 4H chart. Now we can see price action failed at the 61.8% Fib level on 3 occasions over 2 days. This failure supports the theory that price action is simply taking a break from moving up after a long period of gains. The market appears to be rejecting any further decline past the 61.8% fib level which is significant given this is a key price reversal level. We have our trade set up with a risk to reward ratio of 3.53 making this an attractive trade to take. We will be entering at the market open in the UK 10pm and wish you luck if you decide to enter too.
Long
by EuroDollarExpert
AUDCAD SHORT TERM - PERFECT SELL SET UPHI PEOPLE. WE REACHED THE TOP OF THE MAIN WAVE CORRECTIVE STRUCTURE IN DAILY AND NOT IT IS DOING THE LAST BIG MOVE INSIDE OF IT. LOOKING AT THE H1 CHART WE SAW A GREAT OPPORTUNITY FOR A 110 PIP TRADE. JUST WAIT FOR THE SECOND CORRECTION TO BE FORMED UP AND THEN SELL THE BRAKE OUT MADE BY THE NEXT IMPULSE (THE LAST ARROW DRAWN WILL BE OUR TRADE) I AM WAITING FOR SUNDAY 23:00 LOCAL TIME IN SPAIN TO PLACE THE SELL LIMIT. LET ME KNOW YOUR OPINION ON THIS!
Short
by ccerezo11
6