I am short on this pair I have shorts since the 18th of sep. and looking to add more shorts arounf 1.532 (please see attached count), I think wave 4 still has some room to stretch north and retest broken trend line. I take counter trend trades on 2 stages, first entry on approach (small position with small stop), second position will be added after structure is...
details in the chart. the pair still has room to stretch down.
See chart for details and attached chart for the big picture
See chart, nick line is a long term resistance area - be cautious I am not in the trade yet watching lower time frame for a clear close above 94 targeting 95.4 - 95.5 area cheers
correction trade -- wave 5 looks to be unfolding into an ending diagonal. -- trade is valid only if price keeps behaving within the EW ending diagonal principles -- wait for 2 sets of abc completing 4 and 5 moves before considering a trade. -- targets Fib retracement -- remember to take profit, a shallow retracement is possible -- see daily chart attached
please see my blue print that I have been using since Sep. 2014 please click and play see similar example of irregular wave B interesting read www.wavetimes.com
trend is still intact, I know there is a lot of reasons to go short here, but trend is your friend, as long as it holds I'll be looking for longs. details in the chart see below a 1h zoom in and related ideas