NZDEUR - Outbreak or Fail on the 1H chart? Both ways profitable!
After the ABC retraction wave either a classic W when the green line breaks or classic M when it fails.
W outbreak exit around the 0.618 line of the recent fib top
W outbreak fail exit around 0.618 of the long term fib top
Although the W looks good, my money is on a failure as we are coming from a recent peak.
Let me know what you would choose!
W outbreak exit around the 0.618 line of the recent fib top
W outbreak fail exit around 0.618 of the long term fib top
Although the W looks good, my money is on a failure as we are coming from a recent peak.
Let me know what you would choose!