The pair is in an upward channel movement. Currently forming wave 4 of wave C of wave 2 of 3. Once the Price finishes forming wave 5, we will have completed wave C of wave 2 of wave 3 and begin the larger wave 3 of wave 3. Prepare for long Short position. But the Pair is in a long-term bearish move.
How do we trade?
1. Buy the wave 5 once we have wave 4 completed by touching the bottom of the channel.
2. Wave 5 could be a truncation i.e, observe the wave counts in minor time frames.
3. Have Your Targets slightly below wave A.
4. Look for lower lowers and Place sell Stop Orders once wave 5 has completed.
Once we have completed wave 5, we shall have an eruption of beginning of wave 3 of 3. This is going to be a very long Trend. We will not set near targets but keep Shorting in every pullback.
*Trading with Samuel*
How do we trade?
1. Buy the wave 5 once we have wave 4 completed by touching the bottom of the channel.
2. Wave 5 could be a truncation i.e, observe the wave counts in minor time frames.
3. Have Your Targets slightly below wave A.
4. Look for lower lowers and Place sell Stop Orders once wave 5 has completed.
Once we have completed wave 5, we shall have an eruption of beginning of wave 3 of 3. This is going to be a very long Trend. We will not set near targets but keep Shorting in every pullback.
*Trading with Samuel*
