Please see wave 5 of a 5 wave analysis, even though there is a tad bit more room for upside as illustrated by the chart, I believe we are entering wave 5 of the 5 wave move down after a Diagonal upwards correction, my only concern is wave retrace is most commonly 38.2 % of wave 3 this one is 50% which still makes it valid, but less common. Wave 5 should be 100%...
I figured I would post this trade just in case it could potentially help someone else or reinforce an idea they may already have, reason I'm not taking this trade is because I have hit my monthly quota and also passed another FTMO challenge, in which the verification doesn't start until Sunday 6th, so I get a week off to study the markets :) Also apologise for...
Hi So this is the second time I am posting in regards to this pair, I believe we are in or about to enter wave 5, looking on 4 HR Chart, all requirements are met We had an impulse move 61.8% Retracement Impulse move to 131.8% The next to moves 4 and 5 should be 38.2 % of wave three which is around 155.019 The move after that would be 100% of wave one...
Hello Again, I don't post on here often, neither am I a professional trader, however my first and only post thus far was fairly accurate so decided to give it another go, Please see this potential trade set up on the 1hr chart for GBP/JPY, Reasons are the following, I believe we may be in a 5 way move to the down , currently coming to the end of wave 3, We...
Believe we are entering wave 5 of our bear movement enjoy.