Clearly, EURUSD has made a multi weeks high, and has broken past many highs, and out of the daily consolidation zone. we are now ready to see this pair rally higher. If that happens, this is what i expect. Stop loss is wider here (60 pips) because its a swing trade, so we gotta give it room to breath, and also allow levels for institutional and swing traders to...
DOLLAR INDEX IMPULSE WAVE COUNT WITH CHANNEL ON THE 4HR TIMEFRAME.
USE THIS TO TRADE PAIRS LIKE THE EURUSD AND GBPUSD AS THEY HAVE A CORRELATION. RESEARCH ON CORRELATION PAIRS FOR MORE INFORMATION.
Markets have begun to decelerate in motion as the end of year draws nearer and investors are taking profits and retiring for the year. So this setup might that some time to play out.
Price is in a 4 hour pennant. A break out to any side would let us know where price is headed. However if if breaks to the upside, this could be how it would play out.
A break below...
Perfect entry setup for a buy on ripple. short term investors can trade this setup and take profits at the tp levels. Long term investors can buy now and hodl, for massive profits, as price wont come back to these levels again!
