D1 there's the possibility of a up with running flat in wave B. Wave C is getting very close to the 100fib and there is no sign that wave C up is over at this stage so you need a clean sell setup on the lower time frames before considering taking the sell for the W1 Z down against the invalidation point.
H1 is where I start to see divergence, look for impulse down and to confirm more downside to come before entering the sell moving to BE ASAP . Altimately targeting the 100fib for W1 Z wave.
If the invalidation point gets hit before giving setup, stay out, we could be going much higher and I don't see a buy setup at these highs.
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H4 we don't have bearish divergence which is a little concerning.
H1 we are still seeing continuing bearish divergence but yet to see the impulse down. We need the nice impulse down and bear flag before entering the sell as I mentioned in the detail's of this idea. Patience is needed as we don't want to get caught on the wrong side of this trade (see the detail's warning about the W1).
This is what i'm looking at on the H1 and will update this idea again if and when we get the impulse down.
The H4 A wave down may not be over so if your looking for the buy scalps you need to wait for bullish confirmation on the lower time frames before entering the market.
H1 chart and 1st TP.
Just to let all my follower's know I don't just put out a heap of idea's on a heap of pair's to get more like's, follower's, point's ect. I try to only put out trade idea's with the high possibility of playing out and I do trade 99% of the ideas I put out there. Here is a screen shot of my sell for the A wave and the one for the C wave on live account (my account number has been taken out of the screenshot for obvious reason's!)
Sell for A wave down entry. (I got out of this trade taking profit soon after taking SS)
Sell for C wave down entry at breakeven.
The TL there you have drawn if is your TL I don't think is valid for a break as its not showing a trend where you have it placed?