An interesting formation by GU, we may just be right in the center if an extended 3rd wave. Price is currently forming or has just
formed the 4th wave of the 5 wave motive move. Looking to trade the 5th wave. It will be interesting to see how price behaves
upon the market opening, however if price moves beyond wave C of the running flat structure, the setup will be invalidated and
we may be looking at either an extended corrective structure or a change in trend direction completely.
I would love to hear your thoughts on the future of this pair for the upcoming week, don't hesitate to drop your opinions down in the
comments section. Please hit the like button and perhaps even share the content I would highly appreciate it.
Targets:
- 1.34850
- 1.35850
Have a blessed trading week ahead.
formed the 4th wave of the 5 wave motive move. Looking to trade the 5th wave. It will be interesting to see how price behaves
upon the market opening, however if price moves beyond wave C of the running flat structure, the setup will be invalidated and
we may be looking at either an extended corrective structure or a change in trend direction completely.
I would love to hear your thoughts on the future of this pair for the upcoming week, don't hesitate to drop your opinions down in the
comments section. Please hit the like button and perhaps even share the content I would highly appreciate it.
Targets:
- 1.34850
- 1.35850
Have a blessed trading week ahead.
Trade active
Note
SL moved to break even
Note
New trade SL moved to break even after re-entry upon being stopped out at B.E previously
Note
TP 1 hit
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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.