I can see a bigger wave 2 forming in red and a 3 wave forming in blue.
What enforces the move up it is the 61% of retracement of wave 1 in red and 161% of wave 3 in blue.
They are exactly in the same price zone.
Let's see now
Good luck
What enforces the move up it is the 61% of retracement of wave 1 in red and 161% of wave 3 in blue.
They are exactly in the same price zone.
Let's see now
Good luck
Trade closed: target reached:
Morning gaps are the best.
I had a trade opened with a TP at 138.300 and this morning NZ time TP was reached.
I will see the market for a couple of hours and place another sell at the gap and then go down to 134.800
I had a trade opened with a TP at 138.300 and this morning NZ time TP was reached.
I will see the market for a couple of hours and place another sell at the gap and then go down to 134.800
I had placed entries at 61.8% and the price didn't go there. I was reluctant in getting on board at 50% because most of the time price comes back to test that area.