im expecting a small move down but not interested its making a correction to go up!!! wait for a c wave on lower degree to complete before the c wave to the upside commences. The setup is still completely valid.
We are in downside is coming, if your not in dont jump in wait for a flag. Hoping this is a confirmed triangle... cheers
The last time we shorted eurusd was 8th November 2016, was a busy week and we caught a very large move for downside. This correction may be ending... we see a nice down move to come. wait for a correction as shown on the chart and sell the breakout using your own tested strategy. if you dont have a strategy do not trade with real money no strategy means you are...
Last night we anticipated the buy at the bottom for the forming of a flat which is coming, im expecting downside afterwards.
On the higher degrees it looks like we are about to commence the start of the 5th wave. This could extend fairly high but then subsequent correction down is coming. My targets for downside are between $500-300 This high may reach closer to $1600 but lets see what happens when it tests the next structure upwards. There is also a buy setup forming now so wait for a...
Wait for a deeper correction and then downside MAY go fast so be careful. Trade safe!!!
If you are not in on the BUY yet here is a set-up... thank me later.
ok so if you looked at my previous posts on this pair you can see we got in at the bottom when the up move started. the set ups are documented so go back and see. we were banking on a deeper pull back but we made it up to the daily trend line pretty quickly which i did say would be nice :). im expecting a pull back for this pair now as well as gbpjpy before these...
Move up is still possible, however if we see a sign of continuation I. E flag sell down to the bottom of the pattern line. Gbpjpy may have a nice downside move before the up move also.
Wait for a flag this pair may go also with some of the other dollar pairs. I'm in at the 50 pc retracement going to be adding if we get more confirmation. 0.5 pc Initial risk. Will add another 1.5 pc to this on the break of the flag for a 2pc risk
Look for flags for downside will be short term however.
Depending on what structure breaks & at what point of interest will determine the target... 127.20 and 161.8 are what we use after a break of Structure and continuation signal. other fibs targets work also you just need to know the patterns and test test test test. KEEP A JOURNAL NOT JUST ON TRADING VIEW. Write your dreams and manifest them its all frequency. ...
Watch for a break of the low and then this pair will most likely take off
Watch for signs for downside as I'll post the set up when it is forming.
We may see this last move down followed by a move up. Or the move up is coming just wait for a continuation signal. I'll update
May be seeing some continuation or maybe more correction? Let's see what happens. It's going to be interesting to see how usdcad and the gbp pairs develop in the meantime. Go get those pips every one...cautiously. Cad trade may see upside move?
if any of you guys took this trade last week when i posted the buy, look for signs of downside...
Downside still on the cards.