For context and my previous post see link below:
We might have seen the bottom for wave 4 in green but I don't like the structure that followed to favor a bullish continuation from these current levels.
Nevertheless short term we see a bullish impulse on the 1 hour time frame.
Therefore we might see a buy continuation trade soon once we see a consolidation. I will buy the continuation. Once we see that what I expect to be the last leg higher I will be looking for a bearish reversal for a move towards 0.81.
If we accelerate higher from here we are good as well since the first trade will be a buy trade after a consolidation due to structure of lesser degree which can be seen on the 1 hour time frame.
Updates will follow and keep in mind that the arrows are indications.
timstuyts.com
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We might have seen the bottom for wave 4 in green but I don't like the structure that followed to favor a bullish continuation from these current levels.
Nevertheless short term we see a bullish impulse on the 1 hour time frame.
Therefore we might see a buy continuation trade soon once we see a consolidation. I will buy the continuation. Once we see that what I expect to be the last leg higher I will be looking for a bearish reversal for a move towards 0.81.
If we accelerate higher from here we are good as well since the first trade will be a buy trade after a consolidation due to structure of lesser degree which can be seen on the 1 hour time frame.
Updates will follow and keep in mind that the arrows are indications.
timstuyts.com
/facebook.com/wwwtimstuytscom
Note
Moving almost exactly as we wanted for the perfect sell, watch for sell next week. But most importantly we saw that new wave up which completes a corrective extensive wave count in combination with many overlaps.Note
Note
EURGBP is moving as we wanted, I determined my minimum target zone for now (unless structure will change) A wave C never comes in one wave so if you didn't short EURGBP yet, wait for a consolidation and sell the continuation.updates will follow
Note
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.