as my previous post, it's an Ascending Triangle
the NFP seem to move the price to complete the wave (b) of wave (D), then right now we see the beginning of wave (c) of (D)
I believe the wave (D) would be complete on Monday, I set TP at 1.11
There is always a probability that the correction is ABC and not ABCD, so the price will break the resistant, but i dont like the idea to buy on breakout
sometimes missing the trade is better than loss, right?
How did your trade today?
Happy weekend and
Follow for more analyses
comment your thought below
Good Luck and God Bless!
the NFP seem to move the price to complete the wave (b) of wave (D), then right now we see the beginning of wave (c) of (D)
I believe the wave (D) would be complete on Monday, I set TP at 1.11
There is always a probability that the correction is ABC and not ABCD, so the price will break the resistant, but i dont like the idea to buy on breakout
sometimes missing the trade is better than loss, right?
How did your trade today?
Happy weekend and
Follow for more analyses
comment your thought below
Good Luck and God Bless!