Hi All,
I'm working through all the USD pairs and I have also spotted yet another fall from USD similar to a post I shared with DXY and EUR/USD.
I have 2 counts in my head with this being my primary:
1. 5 wave Impulse down from the top for a wave 1 or A
2. Corrective wave 2 or B which has a ZZ shape but with an ending diagonal wave C
3. Of the C wave, wave 4 looks like a possible triangle as there are contracting pattern broken down in 3 waves
Secondary count;
1. Bracket wave ( iii ) is in fact the 5th wave of the ending diagonal with a series of 1's and 2's forming before a break to the downside.
I am watching this pair closely but in the short term, Bull or Bear, this pair will fall for a) a break of wave E of a triangle or b) start of bigger wave 3 to the downside.
Feel free to ask any questions and Happy Trading!
Don
Big Picture snapshot which looks very similar to DXY
I'm working through all the USD pairs and I have also spotted yet another fall from USD similar to a post I shared with DXY and EUR/USD.
I have 2 counts in my head with this being my primary:
1. 5 wave Impulse down from the top for a wave 1 or A
2. Corrective wave 2 or B which has a ZZ shape but with an ending diagonal wave C
3. Of the C wave, wave 4 looks like a possible triangle as there are contracting pattern broken down in 3 waves
Secondary count;
1. Bracket wave ( iii ) is in fact the 5th wave of the ending diagonal with a series of 1's and 2's forming before a break to the downside.
I am watching this pair closely but in the short term, Bull or Bear, this pair will fall for a) a break of wave E of a triangle or b) start of bigger wave 3 to the downside.
Feel free to ask any questions and Happy Trading!
Don
Big Picture snapshot which looks very similar to DXY
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.