market_waver

market_waver

See the chart.

market_waver

Wait for bearish patterns because price is on significant fibo levels, therefore im monitoring this pair very attentively.

market_waver

Honestly hate this pair :D But im entering long because price is on significant level. I mean have support area tested muktiple times, more over 2nd wave (blue) has not reached the start of of 1st wave, therefore this wave count is still on table

market_waver

Enter only after price action patterns. If no patterns, no need to enter. But we have significant fibo levels, therefore i ll enter long trade.

market_waver

We have ABCDE pattern (green), where in E wave (green), price may be will draw ABC (red), therefore i would recommend to wait, or you can enter short on this pair, if you ll see or notice any kind of bearish price action continuation pattern, so be patient.

market_waver

We may see bullish movements in upcoming week.

market_waver

0.618 fibo levels and 4th wave have conflunces. But im not pretty sure about the shorts. If price will renew the highs, then i will share alternative immediately, so please dont quickly short this pair.

market_waver

B wave (red) on this pair seems to be completed, therefore im entering in long trade. Because we have tested trend-line and my view of waves has kind of cooperation and confirmation.

market_waver

Im expecting this pair to go up, after we may see shorts from C wave (red). See the charts for details.

market_waver

On Monday we may see coorection on this pair. See the chart for details.

market_waver

Setup was posted few day ago. Make sure your stop loss are on breakeven. Price retraced from 0.5-0.618 levels. This bullish impulsive wave seems to be the start of 3rd wave (red)

market_waver

More detailed count. Seems we had 4th wave (blue) which is correction. I was expecting such kind of deep and sharp correction because according to Wave principles when 2nd wave is flat, then prepare for deep and sharp 4th wave, and vice versa, if 2nd wave is deep and sharp, then 4th wave is flat. Moreover, price is stuck to 0.618 fibo level.

market_waver

More detailed count for You. Be sure that you stop losses are on breakeven.

market_waver

Price respected the channel, also ,as you noticed 4th wave's (blue) correction was as an WXY pattern, not ABC, therefore that correction was a bit painful :D Im still bullish on this pair.

market_waver

I wish last daily candle covered yesterday's candle, but at least we are heading down now. :)

market_waver

Stop losses on breakeven. Also seems we may see 4th wave (blue). Moreover, trendline still is not broken, therefore, i recommend to put stop loss on breakeven to secure your equity. If we will break the trendline, then we may see 5th wave (blue).

market_waver

ABCDE (green) pattern is now completed as a B wave (red). Stop loss is tight.

market_waver

Seems finnaly started to go down, put stop loss on breakeven and see. Also, we can consider current up movement correction as 4th wave (red)