Price action throughout the day has given away some clues as to what we could be seeing here.
Look for the first 5 Waves up for Wave (A) and then by the time the FOMC meeting occurs we should have a pretty good setup for Wave (C).
In the video I explain the thinking behind this, I believe we are in Wave 2 and may very well see this Wave B expand to the upside.
1.08531 is the line in the sand and I am using this as a stop level but if it is broken without going much higher then the last high would become resistance.
Summary: Short term long position unless we see a break of the level mentioned above.
Remember to use Disciplined Money Management Principles to ensure longevity as a trader.
If you don't know the long term pattern shouldn't you be doing your research[b/] instead of just following the crowd?
Just remember: I am not a financial adviser; I suggest using this only as a guide. Always do your own research.
***AriasWave is not the same as Elliott Wave so your counts may differ to mine if you happen to use it.***
Look for the first 5 Waves up for Wave (A) and then by the time the FOMC meeting occurs we should have a pretty good setup for Wave (C).
In the video I explain the thinking behind this, I believe we are in Wave 2 and may very well see this Wave B expand to the upside.
1.08531 is the line in the sand and I am using this as a stop level but if it is broken without going much higher then the last high would become resistance.
Summary: Short term long position unless we see a break of the level mentioned above.
Remember to use Disciplined Money Management Principles to ensure longevity as a trader.
If you don't know the long term pattern shouldn't you be doing your research[b/] instead of just following the crowd?
Just remember: I am not a financial adviser; I suggest using this only as a guide. Always do your own research.
***AriasWave is not the same as Elliott Wave so your counts may differ to mine if you happen to use it.***
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.