Subwave W1 get into phase of at least consolidation unter DMR 1.1450-1.1650. It supports the scenario depicted at the chart. If price rises higher and consolidates abobe 1.1600 then we'll switch into alternative wave count and enter long positions near 1.1600. For now, we're looking for short setups at W1.
Subwave D1 is preliminary turned upward. Yet, to confirm it price needs to reach 1.1350. That's anough for the first line of rising subwave D1 after which a corrective cutback will provide buy stop setup. Just wait.
Subwave D1 is preliminary turned upward. Yet, to confirm it price needs to reach 1.1350. That's anough for the first line of rising subwave D1 after which a corrective cutback will provide buy stop setup. Just wait.
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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.