EURUSD - Consolidation before resuming higher one last time !
EURUSD - With my memebers, we got out of this pair on 17th December because I thought pink wave 5 of orange wave iii was done and we met our target zone.
Seems like I was slightly off since we got an Ending Diagonal which now came to an end it seems.
We now should have started potential orange wave iv which might unfold as a Triangle which is usually the case for waves 4 but it can very well be any other corrective pattern.
Support is around 1.2130 here at the Diagonal wave (2) low down to pink wave 4 low at 1.2060.
Intraday you can look to short this but if it's not your style of trading, simply stay out of this until orange wave iv comes to an end.
FIY : Waves 4 are the trickiest and are a real pain to trade. So, best is to leave this pair alone because it will only frustrate you!
Seems like I was slightly off since we got an Ending Diagonal which now came to an end it seems.
We now should have started potential orange wave iv which might unfold as a Triangle which is usually the case for waves 4 but it can very well be any other corrective pattern.
Support is around 1.2130 here at the Diagonal wave (2) low down to pink wave 4 low at 1.2060.
Intraday you can look to short this but if it's not your style of trading, simply stay out of this until orange wave iv comes to an end.
FIY : Waves 4 are the trickiest and are a real pain to trade. So, best is to leave this pair alone because it will only frustrate you!
Bình luận:
EURUSD - It's in the support zone now but there's no sign yes that it will reverse. So, better stay out some more.
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Questions? Chat or Comment on Ideas
Don't forget my public Telegram channel -
t.me/em16public
Thanks !