This is classical IMPULSE- correction- IMPULSE. The correction is either a 3 wave flat which means it will break out now or it's a 5 wave wedge and that means we get one more wave up. Either way it's a nice setup.
Trade with care and used good money management
Like and comment .
Comments
anilmangal
⋅
HI all this is the update on this chart ,then move down invalidate a wedge ,so now it looks more like an abc
GcNaif
⋅
nice Anil, as usual good call.
pippo
⋅
is it developing a final wave in c, before a correction?
VonRayVillahermosa
⋅
seems like it
KVE
⋅
Very good, now waiting for confirmation...
Happy69
⋅
Anil , yes profit x3 down to T/L 2 eo 's taken in at bot T/L to top t/L , 1 eo to sell from top down , but caution as it looks like going higher ?, A bit of extra study and time in charts helps. This is easily going to be my best months trading since doing your course.
IvanLabrie
⋅
I think it'll continue up, wouldn't dare short EUR, specially not vs NZD.
It's just that the stops would need to be too wide, otherwise I'd look for longs.
Can head to 1.95 from here.
Cazzie
⋅
Well, the resistance of the range is about to be hit....Nice. If it fails to break through resistance, I'll sell it to support.
hatimtai
⋅
It just shot up like crazy im short at 1.78000. Thanks for the setup. SL level would be appreciated as invalidation for this trade.
tcas
⋅
It looks like price is going up. If it breaks TL downtrend for h1 I buy.