Slightly fine tuned and the 5th wave is a little hard to see the 3-3-3 internal
wave structure, yet, the classic 5th wave overthrow has occurred.
BUT, for only 30 pips or so of risk the possibility of 250
pips of total reward is very enticing pattern to me.
I'm thinking it will hit the again and reverse, even though
my ideal entry is 104.48 - a little higher.
104.22 or so might be a better entry as that would be the .618
retracement from the recent high to swing low.
As always the might give us a good entry trigger.
Coming right in the middle of holiday celebration might mess the
harmonics/symmetry up a little bit.
MERRY CHRISTMAS ---- !!!!!! TO ALL
look to me and is such small risk to find out if I'm wrong - for a large profit - I'll give it a try and I'm short from
104.35 with stops above the recent high.
If we get the 3 wave a-b-c that you suggest in your shorter term chart, I'll definitely move stops
or just close the trade without any indication of impulsive action.
As always I appreciate your insightful analysis !!!!
(If I may ask ---- what I really want for xmas is to know how to embed charts in the comments section
like you do ?)(probably a help file I have not spent the time to find, yet)
Merry Christmas To All and To All A Most Profitable New Year !!!!!!!!!!!!!!!!!!!
You open the chart and click the green button which looks like a camera in the bottom right.
You copy the image URL, it should be named something like this.
Go then to the idea you want to post the charts on and go to comment and click the small white/grey button in the top left corner that looks like a chart. plast the Image URL that you copied and click insert. Done!
for 104.35 for 1/2 my usual trade size and found some sleep. Looks like I got lucky and the entry was also a hit against the trend line. Perhaps the opportunity to enter another 1/2 will present itself after Santa comes.
Being a holiday period I could see this hitting under the trend line for several bars before it gives to
the down side.