EURUSD TRADE 18.06.2018WEEKLY CHART EVALUATION
1. Price below Alligator
2. Previous Bar - Bearish
3. AO Red Below Zero, Momentum Downtrend
DAILY CHART EVALUATION
1. Price below Alligator
2. Previous Bar - Bullish Divergent Bar
3. AO Red Below Zero, Momentum Downtrend
TRADING SETUP @ 4H TIME FRAME
1. Bullish Divergent Bar - Valid
2. AO Red, Below Zero - Valid
3. Angulation Between PRICE and ALLIGATOR - Valid
5. Divergence between PRICE and AO - Yes
6. Risk / SL = 58pip
Tmt7
FCPO. ENDING OF WAVE 3 ??Price declining from 2455 in 5 wave structure could be an indication telling us that wave 3 is going to end in near future, it is too early to say that wave 3 is already ended as there is still possibility of wave 3 extension to happen. Expecting a sharp correction wave 4 and price to re visit 2320 area, that will be the 38.2% fibo level and also the previous wave 4 of 3 area.