Hello traders
Waves 3 and 5 from the two preceding cycles both ended with divergence rather than truncation.
Therefore, given the current price, we are once again looking for a divergence to occur or for a textbook Elliot wave truncation or a fomc kiss the price and hit all SL to move downward.
so share your thoughts
My trading strategy isn't intended to be used as a signal service. It's a process of gaining knowledge of market structure and improving my trading abilities.
Like and subscribe and happy trading to all
Waves 3 and 5 from the two preceding cycles both ended with divergence rather than truncation.
Therefore, given the current price, we are once again looking for a divergence to occur or for a textbook Elliot wave truncation or a fomc kiss the price and hit all SL to move downward.
so share your thoughts
My trading strategy isn't intended to be used as a signal service. It's a process of gaining knowledge of market structure and improving my trading abilities.
Like and subscribe and happy trading to all
Trade active:
worth waiting
Comment:
GBPUSD failed to set a new high. If the FOMC data tomorrow is strong for the dollar, GBPUSD may fall.
GBPUSD failed to set a new high. If the FOMC data tomorrow is strong for the dollar, GBPUSD may fall.
Waiting