This pair is forming a nice symmetrical triangle for wave 4. Price is near the point (E) and then we could have a strong thrust to the downside. Im placing sell limit orders near 1.4870 Last target is 1.45000 Best Regards.
Comments
BuySellBuySell
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This one is looking positive FTT. You may be interested in this one which hopefully is correct and this turns into a great trade:
FullTimeTrader
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Hello, thanks for the information. Each trader has his own trader style and i respect it. I agree this pair has a good downside potential. If you as me i opened three positions on the level shown on my chart. Lets see next weeks how develops.
BuySellBuySell
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Nice work and thanks again. Just a little position for me, but hopefully it works out well. Fingers crossed!
MahdiTaouss
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I open this action today at 1.4871
Please what a stop loss should i choose ?
Best Refards
FullTimeTrader
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SL should be fine at 1.4940. Make the habit of always making your own analysis and plan since this is just and idea. Anyway, im already in. good luck!!
MahdiTaouss
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Thank you for your advice, i appreciate :)
MahdiTaouss
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thanks a lot
Elliottician_SamRoy
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i am also following it... i already made a lil bad entry but still waiting for it to break the triangle and go down to wave-5. thanks for the heads up