Hi fellows, i was expecting short move on this pair. Although that move is about to complete. It seems to me that move is not aggressive and may rise back to the upside again. Once price will hit the bottom i will look for long at bottom based on price action. If you are looking to buy on this pair please wait for the price to hit the bottom and look for price action before buying. No early entry please. I will try my best to update this idea on time. Thanks for your support fellows and good luck.
Comment: Hi fellows, Price is about to hit the bottom trend line i am watching for price action for buy setup. Here is the update.
Comment: Price hitting the bottom watching for price action closely.....
Comment: No price action is there watching it......
Comment: Impulse forming........
Comment: Correction is underway Good Luck fellows......................
Comment: Keep eye on this fellows final fall expected on this pair before big move to the upside..........................!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
@Emilio1, We watch for the impulse on lower time frame for confirmation.
@Wave-Trader Hello, could you please give your views on USD/JPY pair too? Thanks in advance!
@prshivanefx, I will update about that. That pair is in corrective mode and once it will be clear that either it is forming flag, flat channel or triangle or showing signs for reversal to the downside then there will be trade setup for big move either to the upside or to the downside. you can trade on lower time frame for small moves but big move is not ready into either direction.
@Wave-Trader, Thank you for reply!!!
@prshivanefx, My pleasures mate....