Hello Mr. Traders, Fidel here following the current retracement happening with the Eur/Usd.
we broke out of this triangle, with nice volume which is something we look for with break outs, I see further upside atleast to the scribble I did up there, atleast.
but currently we could be due for a correction of the correction within the correction. HA im joking, kindof... but I expect price to bounce from the zone I marked. I will look for rejection and possibly place my stop under that. but on a larger scale, we could have finished wave 5. and expect the abc retracement mostlikely going back to the bottom of wave 4.
Thank you for your time, please I encourage feedback. We can only keep getting better. keep your chin up and minimize your loses. Good evening.
we broke out of this triangle, with nice volume which is something we look for with break outs, I see further upside atleast to the scribble I did up there, atleast.
but currently we could be due for a correction of the correction within the correction. HA im joking, kindof... but I expect price to bounce from the zone I marked. I will look for rejection and possibly place my stop under that. but on a larger scale, we could have finished wave 5. and expect the abc retracement mostlikely going back to the bottom of wave 4.
Thank you for your time, please I encourage feedback. We can only keep getting better. keep your chin up and minimize your loses. Good evening.
:D