I'm tracking on lower TF, this looks like it may pan out like so!
always good to look at the big picture
Could be a possibility that's forsure!
looks like we might not get the 5th corrective wave down. It will be nice if we get a short term sell setup, and even better if it decides to GO! Overall still thinking long for midterm. The overall fractal on weekly still looks like downside after a nice push up!
If we get the short move down it will be FAST like all the others!
EUR/USD just broke the trendline. Furthermore it is in a corrective structure, meaning there was a short upside and now the downside move begins again. Trade safe traders.
It does appear we may get another wave down. maybe maybe not! Let's see!
Looking like this might be a 3 wave correction for Wave E of the possible triangle on the Daily! If we get the channel like the one on GU and countless other instruments it might be a good sell setup in formation!
USDCAD Is in a corrective structure and taking sell setup is a very good idea because USDCAD is going to go down big time, we just don't know when!
Hi Traders, Simple idea, blue or red? Let's see what happens! - Hola Traders, Idea simple, azul o rojo? Veamos lo que pasa! Carlos
GBPJPY Have some more upside in it so lets see if this is the end of the correction.
My Current view of NZDCHF
My current view on GBPCAD
Short term bearish Medium term bullish Bullish Bat is in progress
If this daily candle remains bullish looking for longs with formation of a lower timeframe corrective structure. If price breaks below this trendline then look for a retest of the trendline and sell down to the trendline below.