I hope you are all enjoying the pips for this week.
Currently i see a corrective structure being formed after the impulse. After the correction comes an impulse so watch out for the move.
Trade using your plan.
looking at the structure i am already long on this pair i am anticipating a 650 pip move to the 143.00 area. We could see a last down move before the long.
Its just my forecast, trade with your plan.
I am actually already in this sell, any push to the upside is irrelevant to me. I am only looking for sell setups, actually in the 15m we can see an ending diagonal being formed showing a greater probability of a sell.
This is just a forecast, follow your plan to trade it.
We previously had a forecast of the buy for this pair but the structure wasnt ready so now according to the structure in place i am forecasting a buy.
Trade according to your plan
From the downtrend that we are in, the trend faced a huge support on which price bounced up and retraced back a little bit to the support again but didnt touch it. Now the downtrend is in a correction to the 61.8 fib level and possibly from there we will have a continuation of the trend.