Euro / Paun BritishPanjang
Waiting for the pullback or break.
This is a closer look at my previous post for the Weekly time frame.
Here on the H4 time frame we can see that I am expecting wave 3 to complete to the downside before the price should rally. There was a spike which caused a double bottom though which could see the break come before my structure plays out as indicated here.
That means I am waiting for one of two things before entering the long:
1. A H4 close above the resistance of this structure
2. A push down to the bottom of the structure to complete wave 3
Either of the above events would signal the long entry and I am looking to capitalize on this move!
Happy Trading!
Linton White
JP Markets
South Africa
Here on the H4 time frame we can see that I am expecting wave 3 to complete to the downside before the price should rally. There was a spike which caused a double bottom though which could see the break come before my structure plays out as indicated here.
That means I am waiting for one of two things before entering the long:
1. A H4 close above the resistance of this structure
2. A push down to the bottom of the structure to complete wave 3
Either of the above events would signal the long entry and I am looking to capitalize on this move!
Happy Trading!
Linton White
JP Markets
South Africa
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.