TradingEW
Long

EURUSD bottoming pattern

FX_IDC:EURUSD   EURO / US DOLLAR
129 11 4
It's clearer after FOMC , this pair is advancing on a 5 waves impulse (c) for completing correction iv ( a running correction), before the last leg down on v.
Immediate term - long.
TradingEW
a year ago
This pair finally making a move up:
snapshot
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TradingEW
a year ago
5 min chart setup for longs :
snapshot
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KayJay
a year ago
why have you marked the c wave as an impulse as well as an expanding triangle or diagonal, I'm confused about the internal structure
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TradingEW KayJay
a year ago
c wave is made up of 5 waves, either an impulse wave or a diagonal ( expanding or contracting).
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KayJay TradingEW
a year ago
agreed but in an impulse internal structure is 5-3-5-3-5 whereas in a diagonal it 3-3-3-3-3
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TradingEW KayJay
a year ago
agree, they are both 5 waves
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KayJay TradingEW
a year ago
I also agree with the direction but I believe you'll have to change the internal wave structure of it
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TradingEW KayJay
a year ago
there's 3 charts on this page which one are you referring to?
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KayJay TradingEW
a year ago
the main chart
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TradingEW KayJay
a year ago
So this white c wave on the main chart is an impulse wave with a complex iv being a running correction
https://i.gyazo.com/eabae4378e44906da120e1f409abfc34.png
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KayJay TradingEW
a year ago
you have marked half the C wave as IM and half as a Diag, please clarify I'm confused
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