Simple price action with wave principle guidance.
The Long position is to complete the 5wave pattern possibly forming. Reaching the near weekly resistance.
The short[/i] is suggesting the last two waves were corrective (A & B ) and that we are currently forming a C wave to complete the pattern.
possibilities We could also be seeing the start of a new correction at higher degree to the weekly support.
The Long position is to complete the 5wave pattern possibly forming. Reaching the near weekly resistance.
The short[/i] is suggesting the last two waves were corrective (A & B ) and that we are currently forming a C wave to complete the pattern.
possibilities We could also be seeing the start of a new correction at higher degree to the weekly support.
Related Ideas
EURUSD SHORT
NathanSaunders
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