Here is my view about the future moves this pair will make. I am in the sell already and after target is reached, will look for a buy setup as shown in the chart.
Please remember: you should only trade these structures if you understand them well and have a well tested strategy you can use for money and trade management. Otherwise you will loose money.
Good luck!
Please remember: you should only trade these structures if you understand them well and have a well tested strategy you can use for money and trade management. Otherwise you will loose money.
Good luck!
Trade active
Comment:
If it takes us out it means that it will go for a 3rd impulse up completing a 5 wave structure instead of a 3 wave one which I presumed. Anyway, if stop will be hit, I will be looking to reenter at the reversal at the completion point of the 5 wave impulse. I wiil update it when it will happen.
Trade closed: stop reached