Corrective structure in place. wave B almost in completion on weekly structure, to retrace 61.8% of A, then we will be looking for a fall to complete wave C. a lower timeframe can give u an entry to the upside for a short term trade while the long term traders can wait for the C wave to start forming to go short
Comment:
looks like wave C has started forming on 4hr. price was rejected by channel. enter @ 0.87530.. might be a trade to be entered by Monday
Trade active
Comment:
TP1 0.86360
TP2 0.84001
SL 0.90922
TP2 0.84001
SL 0.90922
Comment:
200+ pips in the trade and still running
Comment:
if u had entered with a bigger lot (contract) you might wanna scale out and leave the trade running
Trade closed manually:
new structure forming