Still not late for an entry, it was a big day today!! I think the correction for this pair is finished after an AB=CD pattern (purple line) We have also a bearish butterfly already in play. I will hold this long term, im expecting bad FOMC news and oil possibly rallying. Good luck!!
*****************DISCLAMER******************************************************************** Always do your own analysis before opening a trade. Any respectful and constructive ideas are welcome (agree or disagree). Follow me on Twitter for updates: @fxtrader2000
Comments
IvanLabrie
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Great, I shorted it for 30 pips, before it spiked. Covered before going to bed. Now reshorted under yesterday's low.
Let's see how it goes. No tp.
MarkTrader92
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Hello , what do you Think About What's Going on With This pair?thx
pete_hef
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Well, it could make a turn soon between 61.8 and 78.6 Retracement. will wait , what Candles looks like. At moment price hits monthly pivot point at 1.3647 This could be happen:
pete_hef
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1.32647 Monthly pivot point
pete_hef
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Well. I am not sure if this correction is finished yet! I see 5 waves of an "A-Wave" starting from 1.28231. Thus B and C should coming to complete this correction?
Andre_Cardoso
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Hello, thank you for sharing your work, It has been rewarding to see your point of view. Please allow my audacity, what you think of this view?
Best Regards ;)
Let's see how it goes. No tp.