Showing some possibilities on the current situation...
Just a start for all of you to learn more about the Theory... Support us If you would like to see more Thanks
Some education on how to trade zigzag patterns...
I sometimes like to think outside of the box, which is important in order to see some other ideas.. This idea is about Running Correction of wave 2... Wave 2 ends above 1st wave
Terminal move in the making... There are different scenarios for this idea... 1) If the a wave is in fact larger 5th wave of the Terminal wave, Price will go up sooner... 2) If we are only in the part of 5th wave of the terminal move then we can make a triangle for the 5th wave which is common or we can make any other corrective way but flat with a failure or a...
Euro is trying to escape to the upper side of the channel... Next target will be blue trend line If we can break the orange trend line
Just to add some more time frame for the previous idea
Until either trend line is broken price will stay in the channel
Price is moving between the 2 channells at the moment break above or below it can help us determine the next move on the bigger time frames
We took a gbpusd long trade on the idea of retest of the bd trendline today... Gained 6 percent on it Nothing big just trying to get steady income All trades are varified on our myfxbook account
Fundamentals + Technicals always gives you better results than using either 1 alone...
We should consider all these possibilities as of now...
Where the market will likely to stop or turn
Since wave a was a corrective wave, we need price to go min 61.8 if we are not making a triangle...