EURUSD: Short wave C of 4th then buy the 5th
Updated
It seems like the move off the top of my supposed 5th wave was indeed the 5th wave of an extended 3rd wave of a larger degree.
Time at mode might suggest the bearish time and price target if we get a strong move down at the open.
I'll be looking to sell at the weekly open, to then rejoin the bullish trend until the 5th wave completion.
Should be an optimal entry if I'm right.
See my friend's Nick Coubly's chart for minute detail of the wave count, he's the specialist in this field, I like to map wave counts using time at mode as my main filter for bias and timing.
Good luck and have a great week!
Ivan.
Time at mode might suggest the bearish time and price target if we get a strong move down at the open.
I'll be looking to sell at the weekly open, to then rejoin the bullish trend until the 5th wave completion.
Should be an optimal entry if I'm right.
See my friend's Nick Coubly's chart for minute detail of the wave count, he's the specialist in this field, I like to map wave counts using time at mode as my main filter for bias and timing.
Good luck and have a great week!
Ivan.
Trade closed: target reached
Perfect.
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