This is an update for my previous idea:
We got a reaction lower as expected, but because of bad timing and lack of time for trading,
I only got 70 pips of that trade. I guess that's better than a loss...
In my previous idea, I suggested that we were on the verge of completing a
11 swings correction for wave B.
After making a high at 1.543, we got an overlapping double zig-zag correction;
this indicates that there is more upside left in this pair.
My best count suggests that we are in wave B of a flat (look below for chart).
We could see new highs above 1.5470 to complete the flat wave B.
STOP LOSS: this count would be invalided if wave 4 overlaps with wave 2,
but personally, I don't think we are going much lower than 1.50.
We could get another three legs lower to complete wave Z (for a triple zig-zag
correction) but I deem it unlikely.
TARGETS: the next obvious big figure is 1.5500. Equal legs (A=C) comes in at 1.5620.
Follow all my demo trades at www.myfxbook.com/mem.../tlkemmy/demo/854232
Disclaimer: www.traderwgun.com/?page_id=26...
Twitter: twitter.com/atliveanner
Tradingview: www.tradingview.com/u/traderWgun/
Mail: traderwgun1@gmail.com
Good luck!
I only got 70 pips of that trade. I guess that's better than a loss...
In my previous idea, I suggested that we were on the verge of completing a
11 swings correction for wave B.
After making a high at 1.543, we got an overlapping double zig-zag correction;
this indicates that there is more upside left in this pair.
My best count suggests that we are in wave B of a flat (look below for chart).
We could see new highs above 1.5470 to complete the flat wave B.
STOP LOSS: this count would be invalided if wave 4 overlaps with wave 2,
but personally, I don't think we are going much lower than 1.50.
We could get another three legs lower to complete wave Z (for a triple zig-zag
correction) but I deem it unlikely.
TARGETS: the next obvious big figure is 1.5500. Equal legs (A=C) comes in at 1.5620.
Follow all my demo trades at www.myfxbook.com/mem.../tlkemmy/demo/854232
Disclaimer: www.traderwgun.com/?page_id=26...
Twitter: twitter.com/atliveanner
Tradingview: www.tradingview.com/u/traderWgun/
Mail: traderwgun1@gmail.com
Good luck!
