I like your idea and I'm hoping to get a 3 wave bounce
for a good opportunity to short into your buy zone.
I was wondering, on your chart, why you choose to use
the low of Feb 2 instead of the entire swing low on Dec 12 ?
It's only a 27 pip difference, but, when you use that low and
a full .886 fib for point D you place the entry closer into the
support zone you have highlighted - thus reducing the risk
by roughly 30 pips or so and I love to reduce risk.
Thanks for your thoughts !!!!
Hope you're making lots of pips in 2014 ~~~~~
for a good opportunity to short into your buy zone.
I was wondering, on your chart, why you choose to use
the low of Feb 2 instead of the entire swing low on Dec 12 ?
It's only a 27 pip difference, but, when you use that low and
a full .886 fib for point D you place the entry closer into the
support zone you have highlighted - thus reducing the risk
by roughly 30 pips or so and I love to reduce risk.
Thanks for your thoughts !!!!
Hope you're making lots of pips in 2014 ~~~~~