see chart. Wave pattern still higher highs and higher lows. Pattern still looks corrective. Hit like if you are long or a worried short!
SHORTED HERE AND/OR ABOVE IF STOPPED OUT. BLACK TREND LINE CHANCE TO ENTER SHORT ALTERNATIVE UPSIDE POTENTIAL EXISTS SO SHORT STOP
My 2 cents: FED news will bring volatility but the next wave to X will be starting during or after news is released. Market expected 4 hikes since December and has received none. I think this hike if it occurs is priced in already. Sell the news. Doubtful that oil will tank again before election, likely $40 to $50 range. After election oil rises USDCAD falls...
IF YOU WANT AN EARLY SHORT ENTRY. CATCH PULLBACK TO 1.3215 OR ABOVE PLACE STOP 60 PIPS OR ABOVE THE HEAD. WAVE "W" MAY NOT BE FINISHED BUT IF IT IS, GOOD RISK REWARD!
Final leg forming wedge (outer triangle) early entry now 3 to 4 unless not a wedge then abcde complete
Either click like or post why this picture is not to your liking. All comments encouraged. Lookers who do not click like or respond become Squatch food. The right shoulder is finishing it's formation as I suspected from my last chart. Squatches are big eaters like me and nothing better than a Double Combo. VERY SATISFYING! Good risk reward long here because...
Risk Reward good here. Look for short entry between .5 and .786 zone stop swing high
EurGbp retracing in major uptrend (A) = (C) target (plus weird previous filled gap area) See 15 minute chart for more info. (B) possible completion at .618% retrace EWO showing wave iii thus wave iv forming. Look for your short signal.
It is vacation season. Squatches are masters of disguise but this trip has been discovered now and price drop is confirming this
As typed on chart. Current price offers great entry for either a short or a long. Risk reward for either direction is very good. I think support exists (see rsi). Until the upper price range is breached again suckering in longs then wave 5 will really begin. Please hit like if you remotely agree with concept. Comments encouraged.
CLEAR BREACH OF NECK. SHORT STOP HERE.
Picture worth a thousand words. NFP words may support this picture.
The forest isn't hiding this Bigfoot. Is the right shoulder formed enough?
Very clear neckline and profitable trade to downside with limited upside risk