Wait for pullback before buying !
Price is finishing a 5waves move up, so, now should make a 3waves move lower.
Each of the moves lower are composed as 5-3-5, as drawn in blue.
Alternate count suggests we are in a Expanded Flat, in wave ((b)) wich, ideally, should not go above 0.7356 (1.382 Retracement) and preparing for ((c)) lower.
Trade Setup for first count :
* Entry : Wait for pullback to 0.618 Retracement.
* Stop : last low.
* Target : to be determined (around 0.74 to 0.75)
Price is finishing a 5waves move up, so, now should make a 3waves move lower.
Each of the moves lower are composed as 5-3-5, as drawn in blue.
Alternate count suggests we are in a Expanded Flat, in wave ((b)) wich, ideally, should not go above 0.7356 (1.382 Retracement) and preparing for ((c)) lower.
Trade Setup for first count :
* Entry : Wait for pullback to 0.618 Retracement.
* Stop : last low.
* Target : to be determined (around 0.74 to 0.75)
Comment:
Alternate count not valid because the ((b)) is not a 3waves move.
Comment:
Gap at market opening. Price has a tendency to fill it.
Comment:
Gap was not filled, but we got a better entry at the 0.618 - 0.786 zone.
65pips down already.
Keep an eye on the target zone.
65pips down already.
Keep an eye on the target zone.
Comment:
Shit ! Wrong post.
Update :
+87pips already.
Move Stop to 0.7278.
Update :
+87pips already.
Move Stop to 0.7278.
Comment:
Price missed the Stop by 0.1pip !
Trade closed manually:
Taking profits at 0.7253 because I think the Stop will be touched anyway so better take some more pips right now.
+53pips
+53pips
Comment:
Now wait for pullback to end before starting to build up longs again.
Don't forget to like, share and follow !
Questions? Chat or Comment on Ideas
Don't forget my public Telegram channel -
t.me/em16public
Thanks !
Questions? Chat or Comment on Ideas
Don't forget my public Telegram channel -
t.me/em16public
Thanks !