Lovely setup provided by EJ at this point in time. It is very clear about being in the corrective phase of a major
5 wave impulse structure. I am expecting a zig zag ABC correction structure as confluence is pointing into the
direction of a possible head and shoulders pattern in the making. Now trading is reactive and not predictive, so
in order to maximize the level of efficiency in this trade, confirmation must be provided by means of at least a
candlestick pattern on a higher frame when price gets to 125.200.
Looking forward to seeing how this plays out. If you enjoy this setup please do hit the like button and share. If you'd
like to share your opinions on thins pair, you are more than welcome to do so down below. Stay tuned as I will be updating
trade entry points.
Target:
-123.300 (This is my major target for the end of the correction, but knowing me, I will most probably have 2 or more
targets before that level depending on what is probable after entry price is established.) Have a blessed trading week ahead.
5 wave impulse structure. I am expecting a zig zag ABC correction structure as confluence is pointing into the
direction of a possible head and shoulders pattern in the making. Now trading is reactive and not predictive, so
in order to maximize the level of efficiency in this trade, confirmation must be provided by means of at least a
candlestick pattern on a higher frame when price gets to 125.200.
Looking forward to seeing how this plays out. If you enjoy this setup please do hit the like button and share. If you'd
like to share your opinions on thins pair, you are more than welcome to do so down below. Stay tuned as I will be updating
trade entry points.
Target:
-123.300 (This is my major target for the end of the correction, but knowing me, I will most probably have 2 or more
targets before that level depending on what is probable after entry price is established.) Have a blessed trading week ahead.
Note
Trade entry confirmation not given, I will be re-evaluating this setup. It always helps to wait for confirmation before entering any trade.
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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.