HIGH RISK
TRUMPUSD seem to be giving early signs of wave 2 completion and potential beginning of wave 3. If it doesn't fall from CMP and breaches 39.220 then it could be a low risk entry for a potential target above 100 with a stop at 30.330. But if the wave 2 low is breached without breaking 39.220 then its likely that wave 2 is still not done.
Trade invalidation/stop at 30.330
TRUMPUSD seem to be giving early signs of wave 2 completion and potential beginning of wave 3. If it doesn't fall from CMP and breaches 39.220 then it could be a low risk entry for a potential target above 100 with a stop at 30.330. But if the wave 2 low is breached without breaking 39.220 then its likely that wave 2 is still not done.Trade invalidation/stop at 30.330
Trade active
Since the assumed wave 2 low is broken, wave 2 does not yet seem to be complete. Evolution could be a complex corrective structure instead of zigzag. Waiting for signs of wave 2 completion.Order cancelled
BO was never confirmed but if you took low RR entry then exit was triggered at 30.330Till the low of larger 1 holds, we can still assume this is wave 2 and 3 would begin.
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Be a Better Trader!
Disclaimer: Do your own due diligence for buy/sell decisions.
Disclaimer: Do your own due diligence for buy/sell decisions.
Related publications
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.