Hello Guys, This is my larger view on USCAD, I've explained all in chart itself though, I'm expecting down move in both cases even its ABCDE or Break of structure to down to complete big ABC Correction. Down move is there in both cases even if it wanna go up for another impulse E or Completing D leg or just wanna break whole pattern to downside. This is not a trade cal:)
Hello Everyone, In Larger Time Frame EURUSD looks like in corrective struture pattern. Till Now looks like an abc pattern to me. If thats so then bigger upward move is coming so look for it, it can be big impulse to up or other impulse in corrective structure. I'm waiting for that move. This is my view on larger time frame not a trade call.
Hello Traders, First of all don't take it as trade call, This is big structure in play so I'm just expecting it play as I have drawn in chart. corrective pattern can be more complicated. I wanna know what you guys think about it. I am waiting for breakout but thats too soon.
Hello Traders, GBPUSD can give us another move up if it bounces from trend line support, it will be descent one if it does, because whole structure is corrective, it maybe out for another impulse for 5 wave structure, so find a good place around trend line to buy, if it breaks trend line it will violet the pattern.Good luck!
Hi Everyone, Looking at chart nifty is in corrective structure that structure looks like developing into previous one, watch for it to complete abc correction, so for short term you can look for sells in it but in long picture it will break the structure to upside for next impulse. Good luck!https://www.tradingview.com/chart/vEHdH3Ro/ will post updates in short term frame.
Hi Everyone,This is my first idea I will post more regarding indian stocks and some currency pairs, looking at reliance it looks like in corrective phase after highly impulsive move to up side and making abc correction with b in triangle pattern so we are waiting for completion of pattern by breaking this pattern to downside for our c leg and then rally up for...