Hello,
So after yesterdays FOMC we clearly had an impulsive move to the downside
Elliot Wave tells us that after an impulsive move we need a correction, and I think a correction has been due for this pair since last week's ECB.
With that said I took a short @ 133.006 for a completion of a potential A will look to take profits @ 132.20 and then try to position myself long for the C to the upside.
If we double bottom @ 131.687 I would take a long with a little bit stronger leverage. However if we break through that level with force something has changed and I will need to re-evaluate the situation.
So after yesterdays FOMC we clearly had an impulsive move to the downside
Elliot Wave tells us that after an impulsive move we need a correction, and I think a correction has been due for this pair since last week's ECB.
With that said I took a short @ 133.006 for a completion of a potential A will look to take profits @ 132.20 and then try to position myself long for the C to the upside.
If we double bottom @ 131.687 I would take a long with a little bit stronger leverage. However if we break through that level with force something has changed and I will need to re-evaluate the situation.
Nota
Sorry guys I also forgot to mention there is also hidden bearish divergence on the 1hour time frame.Nota
Looks like a low of 131.21 after news one pip above my target....lets watch for a follow through
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.
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.