EURUSD
Aktualisiert
It looks to me like an expanding flat is in the making. I am looking for a small short move before a rally higher.
If the short move breaks the 1.1300 then I will be looking for a reversal. I believe my target is the most likely place for a reversal to take place.
The reversal has the potential to be quite large. Most likely moving in five waves up on smaller time frames.
I will be keeping an eye on the 1 hour chart for a reversal.
If the short move breaks the 1.1300 then I will be looking for a reversal. I believe my target is the most likely place for a reversal to take place.
The reversal has the potential to be quite large. Most likely moving in five waves up on smaller time frames.
I will be keeping an eye on the 1 hour chart for a reversal.
Kommentar
The fourth wave met resistance at the 0.382 retracement and my entry has not been triggered.
I am waiting to see if the fourth wave has more up side but if not I may enter at a lower level.
Trade ist aktiv
Kommentar
The fourth wave did have a little more upside and stopped just short of the 0.500 retracement, triggering my pending order.Now I will be looking for the break of the 1.1300 and a reversal after that.
Trade geschlossen: Stop wurde erreicht
Unfortunately my stop loss was reached making this trade void.Kommentar
However my prediction of price action looks to still be valid so far.Looks like we may still break the 1.13000.
If the price breaks 1.13000 then I will start looking for signs of a reversal.
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.