The Bull is Waiting for the Right Moment to Rise
Updated
Recap and Key Points:
In our previous post, we predicted that wave 4 might be over.
This week, the market seems to have begun an upward motive wave, validating our initial prediction.
Current Wave and Technical Analysis:
If our prediction holds true, we are currently in wave 1 of wave 5.
The chart above illustrates a potential correction that is underway (double three wxy).
Trading Strategy:
sell position is not recommended here since we anticipate that prices will continue to rise.
It is more advisable to buy at the order block (end of wxy) at 1.07200-1.07100.
If this formation fails and prices rise directly, we can buy when prices break above (buy stop) at 1.07600.
Stop-Loss Level:
The stop-loss level (SL) for both scenarios remains at 1.06900.
Disclaimer:
This analysis is for informational purposes only and should not be considered investment advice. Please conduct your own research and consult a financial advisor before making any trading decisions.
Additional Notes:
The market is currently presenting an interesting dynamic, with a potential bullish trend developing. ill update the target later.
Wishing you all the best in your trading endeavors!
In our previous post, we predicted that wave 4 might be over.
This week, the market seems to have begun an upward motive wave, validating our initial prediction.
Current Wave and Technical Analysis:
If our prediction holds true, we are currently in wave 1 of wave 5.
The chart above illustrates a potential correction that is underway (double three wxy).
Trading Strategy:
sell position is not recommended here since we anticipate that prices will continue to rise.
It is more advisable to buy at the order block (end of wxy) at 1.07200-1.07100.
If this formation fails and prices rise directly, we can buy when prices break above (buy stop) at 1.07600.
Stop-Loss Level:
The stop-loss level (SL) for both scenarios remains at 1.06900.
Disclaimer:
This analysis is for informational purposes only and should not be considered investment advice. Please conduct your own research and consult a financial advisor before making any trading decisions.
Additional Notes:
The market is currently presenting an interesting dynamic, with a potential bullish trend developing. ill update the target later.
Wishing you all the best in your trading endeavors!
Note
Price Movement in Line with Predictions.While the overall trend remains bullish, scalpers should be mindful of the potential for a wxyxz (triple three) corrective phase.
This pattern could trigger a temporary price retracement.
Note
the idea of wxy correction is y wouldnot reach 1618% of win this scenario, it's 1.06934
so i set the sl lightly below that level.
hope we can get some pips from this scenario haha
Note
wxyy correction failed T_T
Disclaimer
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