As I said in the last weeks ... If we make a parallel between the chart on a week and one month because the month of May closes ...we can see as in both they are at the end of W and expect an imminent descent!
if the month of May closes below 1.41800 I will look for SELL for at least 500 pips! if not ... I will wait for a new climb to the 1.43500 area after which ... DOWN AGAIN 700-1000 pips!
You can see that on the 1 week chart, the bands formed in circles have exactly the same configuration!
THIS WEEK...as I said last week UG started the descent but has not yet left the critical area! I will wait until the beginning of the week to see if Friday's massive withdrawal was just the NFP effect or will it continue to climb ... but for now I will start looking for SELL for 700-1000 pips as I said!
However ... a close even for 1 day over 42300 will force me to think of BUY another 100-150 pips and then ... DOWN AGAIN
NOTE: Please, give a LIKE if you find this idea useful!
GREAT ATTENTION:
*This information is not a Financial Advice.
if the month of May closes below 1.41800 I will look for SELL for at least 500 pips! if not ... I will wait for a new climb to the 1.43500 area after which ... DOWN AGAIN 700-1000 pips!
You can see that on the 1 week chart, the bands formed in circles have exactly the same configuration!
THIS WEEK...as I said last week UG started the descent but has not yet left the critical area! I will wait until the beginning of the week to see if Friday's massive withdrawal was just the NFP effect or will it continue to climb ... but for now I will start looking for SELL for 700-1000 pips as I said!
However ... a close even for 1 day over 42300 will force me to think of BUY another 100-150 pips and then ... DOWN AGAIN
NOTE: Please, give a LIKE if you find this idea useful!
GREAT ATTENTION:
*This information is not a Financial Advice.