Price has shown a clear rejection at the demand zone which has held for since the beginning of the year 2023, and DXY also closed today with a strong bearish candle momentum which signifies strength for xxxUSD pairs.
Elliott Wave
From the wave analysis perspective, I think we just saw a completion of wave X as Price is printing out a complex wave correction, and wave Y (800pips) is starting out, but the first immediate TP is at the supply zone drawn.
So, I am buying up to the first TP at the supply zone drawn with SL at the bottom of the demand zone.
This is a long term trade. RIsk Management is advised
I would love to hear your thoughts 🤔 on this, so feel free to leave a comment ✍.
Please like 👍❤ this idea 💡 if you agree, and follow me for more updates ❕❕❕
Elliott Wave
From the wave analysis perspective, I think we just saw a completion of wave X as Price is printing out a complex wave correction, and wave Y (800pips) is starting out, but the first immediate TP is at the supply zone drawn.
So, I am buying up to the first TP at the supply zone drawn with SL at the bottom of the demand zone.
This is a long term trade. RIsk Management is advised
I would love to hear your thoughts 🤔 on this, so feel free to leave a comment ✍.
Please like 👍❤ this idea 💡 if you agree, and follow me for more updates ❕❕❕