On the higher timeframe, Wave 4 appears completed with a depth that fits well within the overall structure, shifting focus toward a potential Wave 5 to the upside.
On the lower timeframe, the correction unfolded as a WXY structure. We are now seeing early 1–2 formations, suggesting a transition into impulsive price action.
Additional confluence comes from momentum, with bullish MACD divergence on the 2H–4H and bullish crosses forming on higher timeframes.
Entry: 1.15705
Stop Loss: 1.14457
This setup is based on structural alignment and confirmation, not prediction. We let price develop and react accordingly.
On the lower timeframe, the correction unfolded as a WXY structure. We are now seeing early 1–2 formations, suggesting a transition into impulsive price action.
Additional confluence comes from momentum, with bullish MACD divergence on the 2H–4H and bullish crosses forming on higher timeframes.
Entry: 1.15705
Stop Loss: 1.14457
This setup is based on structural alignment and confirmation, not prediction. We let price develop and react accordingly.
Trade active
Trade is triggered. Lets shift the focus to manage the trade actively...Note
Moreover, we have a Bullish MACD Cross on the Daily Timeframe... that is huge:)Trade closed: target reached
If you were unlucky your stop loss could have been reached, because it was very close
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.