when I started analyzing the for this pair, I started counting moving upwards not downwards as I started with a bc bc bc which all has Fibonacci expansion of 161.8 (for the bar chart). I then recognized a change in the nature of the movement, the next low did not show a 161.8 expansion therefore I thought of changing my numbering and treat it as a start of a...
predicting some good movement on this pair for the month. I think I got an equal ABC pattern in creation, my A is fully complete (3 movement abc abc abc), my B is also done, (5 movement a, 3 very strange b structure but it is a 3, and a 5 wave c, my C started its movement with a smooth a, a 5 wave structure correction i ii iii iv and my v wave is being created...
am planning to sell from 1.9855-60 with stop loss @ 1.9895 targeting 1.9550-75 area in which I will buy from targeting 2.0050-75 (I will adjust this price target depending on the time it will take) from there it the pair will finish the B wave and I will sell for around 750-1000 pips profit trade good trading! and good money management.
1 more downward movement for the entry, the yellow area represents my entry target profits are open
0.8360-65 will be an important price area for the pair to test before moving downwards stops @ 0.8385 were targets are atill @ 0.8200
15 mins update for the gbp usd buying area presented by the yellow range
The pattern am trading is ABCDE of V which I will wait for E to complete to sell the pair, but till this time, I will trade all other movement available: 1. I will wait for wave 4 (current movement) to finish and sell targeting wave 5 of c of B end (the target line which is also the buying line is viewed by a dotted red line on the chart), 2. buying @ the red...
The pair is currently moving in wave 4 of v of e which when complete will move another final 1 upward movement to create the high of wave e and then start moving downwards reaching the starting point of the abcde pattern @ 0.7369. I will try to analyze the 12345 movement starting @ low 0.7682 (0) and low @ 0.8050 (2) in order to get the low for wave (4) and buy...