Price about to hit expected level. i am waiting for price action. i am watching very closely for trend continuation or reversal if price bounce back i will look for buy setup and if price break down then i will look for price action under broken structure for trend continuation
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i am still expecting wave down
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itahirmasood
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nice
AhmetAlperOzen
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Now sell?
Wave-Trader
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did you see update mate
Wave-Trader
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AhmetAlperOzen
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yes, and I see upper band hit and risk taking entry time. Right?
Wave-Trader
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yes and if you catch this trade on right time then dont close it early ya its gonna give you almost 5000 pips and will take almost 27 to 30 days good luck mate this could be nice trade setup
AhmetAlperOzen
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thank you very much
Wave-Trader
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you are most welcome mate
blueport
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Just a question, some traders would be looking to sell off the rally to the bottom of the channel. i.e breakout retest & see the bottom of the channel now as resistance. You don't it seem's so I will observe with interest. Thank you for posting.
Wave-Trader
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because bearish momentum has lost its strength and it is very likely to break back in the channel and make new highs and if it happens i will look for sell on top not under the broken channel.