Perhaps the rally is not at all over, with the Euro appearing to be apologetically resilient during such a time we might just see lovely
highs being reached. There was some uncertainty last week as to whether or not EU would tank, however it just seems clear now
that it was creating a corrective structure. A running flat structure. These types of structures often take the forms of double
tops as the B leg is regarded as the phony leg of corrections. It can be misleading. Wave 4 has been completed and has allowed
for a channel to be identified for the possible projected targets for the end of the 5th wave.
Targets:
- 1.2100
- 1.2230
- 1.2350
If you enjoy this setup, please do let me know below in the comments or by hitting the like button and sharing, I would highly
appreciate it. If you'd love to share your views on this pair, do not hesitate to throw in a chart below. Have a blessed trading
week ahead and remember to apply impeccable risk management.
highs being reached. There was some uncertainty last week as to whether or not EU would tank, however it just seems clear now
that it was creating a corrective structure. A running flat structure. These types of structures often take the forms of double
tops as the B leg is regarded as the phony leg of corrections. It can be misleading. Wave 4 has been completed and has allowed
for a channel to be identified for the possible projected targets for the end of the 5th wave.
Targets:
- 1.2100
- 1.2230
- 1.2350
If you enjoy this setup, please do let me know below in the comments or by hitting the like button and sharing, I would highly
appreciate it. If you'd love to share your views on this pair, do not hesitate to throw in a chart below. Have a blessed trading
week ahead and remember to apply impeccable risk management.
Trade active:
Comment:
Previously got stopped out at break even. Here is the refurbished setup. It appears wave 3's subcategory count has a large extended third wave.This influences the end of the 4th wave of the major degree.
Previously got stopped out at break even. Here is the refurbished setup. It appears wave 3's subcategory count has a large extended third wave.This influences the end of the 4th wave of the major degree.
Comment:
SL moved to break even
SL moved to break even
SL moved to break even