I look for the impulse to upside. Retest the top then finish the pattern. From my perspective, this pair has same features with USDJPY because of the US dollars domination this week.
Daily trendline is broken and wait for the consolidation to confirm buy setup (if not, it may fall slowly to touch the previous low again). There're a chance that it makes ABC pattern then go all the way down. BE to protect capital and keep it because there're possible this is a first impulse to re-test the top
Buy after the consolidation because it may just roll down slowly to break the previous low and structure changed a lil bit. BE to protect capital, upside is not confirmed. There're still a chance it makes ABC pattern then keep going down
We are at the daily low. Now it has to tell us what they're gonna do. I believe that it's consolidating now (some divergences from H1 and H4) so I try to look for short-term buy setups to finish the pattern before it keep going down side.
But what happen if I am wrong?
Yes, I hope I was wrong. Is this the...
We have the previous impulse to uptrend then the big correction is come right after that. It's supposed to go aggressively. But somehow, it's not.
So I think correction is not over yet (red abc pattern).
So I expect 1 more downtrend to finish the pattern before next impulse coming. Or the really really big correction to the previous low (daily...