could double top and come further down. NFP tomorrow so who knows what will spike.
looking at structure and trying to break down wave ideas. if it breaks the trend look for fake outs.
for people learning. these are a few things I look at among many other confluences.
good level for a 3 bounce on this ranging pair. watching it for a few days If a deeper breakout cut losses quick.
could move up and down a bit more in this correction who knows. might reverse early. not a bad idea for a down trend
looking for more downside after that last impulse dyx is pushing down after a falling wedge.
that's all didn't look that far into other time frames. found this on an old mark up and it caught my eye.
looking for the next impulse ideas on patterns
continued wave down. Might take off or it's a bit too soon. news is Mostly US based today and heavy hitters in the next 24 mins
looking for wave patterns to study, This one just had a recent flat correction but it was derived of 2 impulses and a full correction to low of first impulse.
looking for this correction to finish around 50/61.8 fib for an impulse to the next 250 pip zone. longer term trade here.
When trading wave its easy if you stick to the second impulse. In my short studies news helps the impulses so you can get a better idea of which way the new might push it. I've seen price squeezes in moments like this with news pushing it down like a faucet
looking for a continuation looking for an inverse head and shoulders also looking at overall structure for longer term a few weeks ago it bounced out of a channel is is sitting in this area
looking for the next impulse and buy limits at 1% or .% each