This pair is fulfilling are guidelines for a nice three wave correction. About 5 months ago I wrote about the next leg lower. Price is taking out the lows for a nice reversal once this bearish structure is complete. I showed high potential reversal zones price never reached. This was a perfect example of keeping an open mind. The analyses of what move was to be next was correct but focusing on levels might result in missing the trade.
So I adjusted my presentation slightly and I won't call levels anymore so this won't confuse anyone.
However later on I will elaborate on why levels can be important. They exist but aren't always respected like everything in the market. That's why we always look for confluence by means of several variables although structure will always be leading for me.
Short term trade potential:
So I adjusted my presentation slightly and I won't call levels anymore so this won't confuse anyone.
However later on I will elaborate on why levels can be important. They exist but aren't always respected like everything in the market. That's why we always look for confluence by means of several variables although structure will always be leading for me.
Short term trade potential:
Bình luận:
Hello traders! We saw the breaks and consolidation and I'm currently looking at two scenario's to be next. Let's see which one it is going to be...
