On the daily chart, the long correction could be over and we may have seen already forming the 1st wave. If this is correct the 2nd wave could be almost over since we have already touched the 61.8% Fibo retracement and we are ready for the 3rd.
What is your view? Do you see something different?
Leave a comment in the section below ...
If the correction is over we could possibly have seen already the 1st wave forming and the 2nd wave be to her end. If I am correct the 3rd wave should come shortly if not yet commenced - Let me know what you guys think
I think EURGBP has made a nice way up however we are almost in need of a deeper correction on the Daily Chart. I will consider to short on the break of the channel SL Just above to the last high with a potential TP to 0.8830 Level.
How amazing is trading ... sometimes gives you a failure and some other times joy ... How much work we do, all of us, as a trader to understand the market and what the next move could be .... sometimes the clue we have are not enough some other times are wrong to make our decision, but I believe we all LOVE this.
What I think is that the downside on the GBPJPY is ...
Here is that time again.
Please leave a comment and tell me what you think. I am still on my learning path.
This is what I think ... 4th Wave is completed and the 5th Wave just started so sell the break out would lead us to a nice Risk Reward trade set up.
Here I am trying to get things right on counting the waves, fan of Sir. Elliott.
I wish some one could make a constructive criticism or comment on this, tell me if I am right or wrong on my count, this is the only way to learn and keep progressing.
Haven't found much help on my way so far. What a world.
This is my Idea, expecting the Long Break Out on the 3hr ...