Idea is that we are about to begin wave 5 of wave C. Wave 4 appears to be a triangle that should break down around the .382 of the overall impulse wave 1 upward.
We want to see a move below 0.03720 before we see a move back up above 0.03162. If it happens out of that order, this idea is invalidated.
My entry is 0.03045 with a SL at 0.02945. My target is around 0.04038, which has confluence with strong resistance around 0.04000.
Good luck today with your trades!
We want to see a move below 0.03720 before we see a move back up above 0.03162. If it happens out of that order, this idea is invalidated.
My entry is 0.03045 with a SL at 0.02945. My target is around 0.04038, which has confluence with strong resistance around 0.04000.
Good luck today with your trades!