As expected from the previous analysis, the price expanded the corrective model.
We can now see that the pattern may end up as an ABC correction or a more complex one like the ABCDE correction.
In both situations as long as the price is within the corrective pattern, we should not trade at all as it carries a high level of risk. So wait for the price to break out of the pattern and as we may have better chances in our side.
Targets:
1.1440
1.1500
1.1650
Thanks and good luck!
We can now see that the pattern may end up as an ABC correction or a more complex one like the ABCDE correction.
In both situations as long as the price is within the corrective pattern, we should not trade at all as it carries a high level of risk. So wait for the price to break out of the pattern and as we may have better chances in our side.
Targets:
1.1440
1.1500
1.1650
Thanks and good luck!
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t.me/TradingPuzzles
✅Personal Telegram
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✅YouTube
www.youtube.com/@TradingPuzzles
✅My FX Broker
bit.ly/49VySJF