It seem like diagonal is happening. After the Wave V, it will be follow by big retracement (red arrow down)
Short at Wave IV (wave ABC black).
Long at Wave V (wave ABC black)
Now should be the rite time for Wave IV.
The trend still within the channel line. It is perfect impulsive wave. The subwave 2-red is completed at 104.320. New subwave 3-red just start after USD ISM Non Manufacturing data showed behind expectation. Sub wave 3 red is expected to completed at target 90.715. Complication of Wave 5 in bracket green after ...
USDMYR is at the retracement. But price resistance at 4.399 to 4.435 and support at 4.098 and 4.102. Price action is at flat, no major. We see the trend when price action break the resistance and support line. However MACD (18,30,15) shows signal lines are crossed and histogram is positive. Price action has change ...
Low is low than previous low. Intermedia wave for 15min chart show down trend. However daily chart MACD show uptrend movement slow down, fast length and slow length are going to cross and change trend.