Price is at the bottom of what appears to be the 5th wave. It should break out to the upside. However there is a strong area of support just below it may penetrate.
Please educate yourself, create a trade plan, validate your thoughts with other traders ideas. Take responsibility for your trades. Be sure you understand the trade. If not ask questions until you do.
Please educate yourself, create a trade plan, validate your thoughts with other traders ideas. Take responsibility for your trades. Be sure you understand the trade. If not ask questions until you do.
Comment:
As it is Friday and the trade has not triggered I will remove trade and reassess next week. I feel it is better to miss a trade than have the potential for a gap down through your SL.
Comment:
I am not convinced off this being the breakout. It looks more like a correction. I took a trade when it broke the trend line and corrected. 1.439. I have just moved my SL to BE,
Trade closed: target reached:
The target was the green daily trend line which it has hit. Seriously I was not still in this trade but thought I should close it off.