Wave b retraced 78.6% of a
The subwaves of b, wave ((c)) is at the 1.618 Extension.
both those levels are at 0.679x, with 8pips difference.
So, I'm confident we will see price fall for a last wave c now towards 0.6686. (~100pips)
Therefore, you can short this now at current price.
Note that even tho a correction can be an expanded flat, wich retraces more than 100% of a, the subwaves structure of the abc move, point towards it's termination at current level.
Short Trade Setup :
Entry : market price 0.6796
Stop : 0.6824
Target : 0.6686
PS : here you have the higher degree move of the pair :
The subwaves of b, wave ((c)) is at the 1.618 Extension.
both those levels are at 0.679x, with 8pips difference.
So, I'm confident we will see price fall for a last wave c now towards 0.6686. (~100pips)
Therefore, you can short this now at current price.
Note that even tho a correction can be an expanded flat, wich retraces more than 100% of a, the subwaves structure of the abc move, point towards it's termination at current level.
Short Trade Setup :
Entry : market price 0.6796
Stop : 0.6824
Target : 0.6686
PS : here you have the higher degree move of the pair :
Trade closed: stop reached:
- 27pips.
Don't forget to like, share and follow !
Questions? Chat or Comment on Ideas
Don't forget my public Telegram channel -
t.me/em16public
Thanks !
Questions? Chat or Comment on Ideas
Don't forget my public Telegram channel -
t.me/em16public
Thanks !