high probability trading setup, short and long
Updated
in my count we could expect a move up during the weekend to grab liquidity ending wave 4 for eventually a move down ending the 5 waves impulse for than a corrective fase against the larger trend which currently is looking for much lower prices. the chart illustrate a potential trading setup to take advantage from market behavior locally.
let's see if plays out and thanks for reading
let's see if plays out and thanks for reading
Note
After a very long (in time) sideway corrective structure, finally the first short setup it’s playing out now - notice how the entry level for the short order been perfectly respected.Keep in mind, the orders you visualise in the chart are levels given way in advance therefore time cannot be reliable; but you can see how the right count can provide us high probability trading setup.
Hope you enjoy my content and thanks for reading
Trade closed: target reached
Short entry level perfectly respected and target reached. Once the move toward the down side ended was good time to enter the long position for a bounce ✅ nice nice nice
Don’t trust to much this bounce to upside, economic week ahead, tomorrow inflation rate can bring volatility.
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