Soooo I've been playing around with mapping out the Elliot Wave Theory, and it looks like we're gearing up for a bullish reversal with Wave 5 shaping up. Based on how things are moving, we could see the price dip a bit more to 1.07574 sometime next week. There's a good chance we'll see the 'power of 3' in action, along with some side-stepping as the market consolidates and the big players possibly tweaking things for one more push to gather up extra liquidity before they go for the final spread. We'll just have to hang tight and watch how it unfolds. I'm thinking of taking my profits at 1.10.
****This is all just me thinking out loud about my trading strategy and does not constitute as financial advice.. ****
****Remember, always play it safe with your trades with proper risk management!****
If you've got a different take on this or some insights of your own, I'd love to hear them in the comments. It's always cool to get different perspectives on the market. Let's chat!
****This is all just me thinking out loud about my trading strategy and does not constitute as financial advice.. ****
****Remember, always play it safe with your trades with proper risk management!****
If you've got a different take on this or some insights of your own, I'd love to hear them in the comments. It's always cool to get different perspectives on the market. Let's chat!
Trade active:
Still in trade. Heading up to TP#2.