To go there, this will be the perfect setup. Jump from 1.0951 to 1.1151/54 (4th wave) and then down to target 1.0858 (5th).
Of course nothing is perfect in real life, so could go lower or higher a little bit then return to the points. Brokers and bankers need to make money by eating stops.
This is a study derived from weekly chart.
Please be aware that:
- These points could overpass a little as long as the impulse will be there, usually on a 4H or Daily UTC server.
- Please note that I am only predicting where things happens, not when, because that really depends on others factors such as the agreement of all major sessions - London, NY and Singapore - and also on Events, the fast/slow motion tool.
- Also those points/targets are not random or just imagination, they are in fact result of my calculations based on wave counting, measurement and convergence on very high timeframes starting from weekly charts up to yearly.
From October 2016 on, I will only make available publicly small term charts and for a few instruments.
The reason is that I want to dedicate more time and effort to elaborate forecast plans, and no longer trade intraday, as I reached to the conclusion that both activities are incompatible, as trading in a daily basis could be very stressful and tiring resulting sometimes to inaccurate thoughts.
So, all long terms plans and for a broad range of instruments will only be available restricted.
Any question please fell free to leave me a message on tradingview.com