karan_kapoor_
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since Oct 25, 2016
candlestickanalysis
candlestickpattern
chartpattern
divergence
divergencetrading
elliottwaveprojection
elliotwaveanalysis
elliotwavestrategy
eurnzd
eurnzdshort
fibonacciextension
firstchart
firstidea
hiddendivergence
indicator
newbie
sandp500
spx500
trendanalysis
waveanalysis
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Here is an educational idea. Please do not consider this as a trade idea unless you consider market sentiment and fundamentals that go along with this technical analysis. Trading solely on technical analysis (such as this trade pattern) can turn out to be costly.
7
DXY can go either way, it does not show a clear trend as to where it is going to move next. One view is that - It can go down considering the hidden divergence on the 1-hour timeframe.
5
It's currently forming a third arm of the flat within a Corrective Pattern. Ready to short with SL @0.6030 and TP @0.5880
6
I think it's correcting for the 5th wave down. Can grab more than 200 pips if we make the right entry.
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