As you can see the market moves in waves or impulses. currently i as seeing a potential gartley forming. Even though our D point is a 78.6 since the trend line lines up with the 88.6 I am assuming price may go for that area and then reject from there and close at or able the 78.6 area. So what i am going to do, is let price hit my 78.6 and see if we are going to pass this area. If we do, I am going to use the smart money method and buy the selling candle. Or depending on how price is moving I will place a buy stop at the 78.6 and catch price on its way back up. My SL will be below the x point which about 30 pips. Use risk management and LET'S GO!
From the daily prospective i have a bearish crab forming so I am looking for price to keep heading up until the 1.45 area which a quarter point. So once I am in this trade for a Buy I will be holding it for some time.
who is with me
From the daily prospective i have a bearish crab forming so I am looking for price to keep heading up until the 1.45 area which a quarter point. So once I am in this trade for a Buy I will be holding it for some time.
who is with me