Keeping it ultra simple with the UCHF setup. We have a lovely ending diagonal to finish off the 5 wave impulse move
to the downside. One could even arguably call the formed pattern a classic three-drives patterns which is in fact
a skew triple bottom. I have made reference to this pattern before and it appears it is starting to be more and
more evident in the market. I will be looking to trade the aftermath of the the large impulse move down. As usual
three major targets have been established to encompass highly probable moves that support change in momentum.
Targets:
-0.92350
-0.92950
-0.93800
If you enjoy this setup, please do let me know in the form of likes and or by dropping a comment below, I would
highly appreciate it. Also feel free to drop your views on this pair for the upcoming month, it would be very good
to learn from you as well.
to the downside. One could even arguably call the formed pattern a classic three-drives patterns which is in fact
a skew triple bottom. I have made reference to this pattern before and it appears it is starting to be more and
more evident in the market. I will be looking to trade the aftermath of the the large impulse move down. As usual
three major targets have been established to encompass highly probable moves that support change in momentum.
Targets:
-0.92350
-0.92950
-0.93800
If you enjoy this setup, please do let me know in the form of likes and or by dropping a comment below, I would
highly appreciate it. Also feel free to drop your views on this pair for the upcoming month, it would be very good
to learn from you as well.
Comment:
Trade stopped out in profit
Trade stopped out in profit
SL moved to Break Even