Hi again :-)
I think this one is tough one. We had a very nice short trade from 1.37 with a target of 1.1980 as wave C of this ABC correction from the top 1.46.
Well the reason we had 1.1980 was simply the fib extension of 123% and price didnt really hit that target and stopped between 113 and 123% fib.
For buying this I want to see a bullish reversal signal around or inside that rectangle on daily timeframe, in order to see this move down as a wave 2 of fifth wave up.
In my opinion, this one needs more confirmation and maybe its a good idea to go down to lower timeframes to see what the pair is doing on hourly charts before trading it.
Pair could easily start a Zigzag or other sideways movement here and then its not so interesting for trading it at the moment :-)
USE SL and good luck !
I think this one is tough one. We had a very nice short trade from 1.37 with a target of 1.1980 as wave C of this ABC correction from the top 1.46.
Well the reason we had 1.1980 was simply the fib extension of 123% and price didnt really hit that target and stopped between 113 and 123% fib.
For buying this I want to see a bullish reversal signal around or inside that rectangle on daily timeframe, in order to see this move down as a wave 2 of fifth wave up.
In my opinion, this one needs more confirmation and maybe its a good idea to go down to lower timeframes to see what the pair is doing on hourly charts before trading it.
Pair could easily start a Zigzag or other sideways movement here and then its not so interesting for trading it at the moment :-)
USE SL and good luck !
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.