Trader Venetian

Expecting 5th Wave of C leg of correction to be on Tuesday around 1.1053 I anticipate it to continue untill friday and finish around 1.0725 Second week of June:If the red line at the top is broken a steep EW can be expected.

See RSI: short for the short term. reposition if you want to go against trend as long till 1.098 watch and see what happens at 1.098

update of former chart

demand lines are getting broken. a retracement wave started. long positions will exit at the channel of next demand line.

This is not a suggestion for investment. I intend to wait for 1.12 before going short. Although I expect this upwards retracement to continue until 1.22