*EURAUD*
I am as well Keen on this pair which we have been trading for the most of the time last month. We are on a downtrend, but this downtrend is a retracement of the larger leg of wave C before the market resumes its long-term downtrend.
we already have wave a and wave b of 2. Now what the market is presenting to us is wave c of 2. Waves C are always expected to be 5 waves moves. We have 1 and a on the 4 hour time frames. I am waiting for b and C before I can commit to the market. Always wait for commitment.
What seems to be happing liquidity trap for the market to give us a wave c of 2 before we can continue down. I am willing to be patient for days. Until I can get that set-up.
Trade Smart.
*Trading with Samuel*
I am as well Keen on this pair which we have been trading for the most of the time last month. We are on a downtrend, but this downtrend is a retracement of the larger leg of wave C before the market resumes its long-term downtrend.
we already have wave a and wave b of 2. Now what the market is presenting to us is wave c of 2. Waves C are always expected to be 5 waves moves. We have 1 and a on the 4 hour time frames. I am waiting for b and C before I can commit to the market. Always wait for commitment.
What seems to be happing liquidity trap for the market to give us a wave c of 2 before we can continue down. I am willing to be patient for days. Until I can get that set-up.
Trade Smart.
*Trading with Samuel*