Then 20 days ago, I said it was "Time for a Retrace" and it went down over +400 pips. Well, following any wave (3) would be a wave (4). And that was what I based that SELL call on. Here's the chart from that post:
Well, here we are. I am now seeing that the wave (4) was most likely done. So if that is correct, then this pair is currently in its' wave (5) up, right? And not only is it in the wave (5), according to my count, the wave 1 is completed and now the wave 2 could be done or very close to being complete. If the wave 2 is complete or when it completes, then of course we will be seeing the wave 3 of (5). And that wave 3 should take things to new highs.
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But one thing you should NEVER DO is chase after a trade. If prices are moving and you think the trend will continue, you must wait for it to stop and pullback before you get in. Wait for prices to come to you instead of you chasing after it. Do I expect that prices are going higher? OF course I do. Much higher. But there is NEVER any guarantee of that.