On the H4 a lovely 5 wave motive move has emerged and wave 4 confirmation has been complete. This gives the opportunity
to ride wave 5 down. Now it may be projected as a double bottom end goal, but this is simply because of wave 1 to wave 5
ratios. Wave 2 is formed by a symmetrical triangle and therefore we count wave three from the top of E within the triangle.
On the lower timeframe, we have a break below a bearish flag and a retest has just been confirmed. The idea would be
invalidated by a break back into the flag.
Targets:
16.66000
16.39500
I hope you enjoy this post, I would highly appreciate it if you would like to share your views on this pair.
Stay tuned below for updates on the progress of this chart or should my analysis change, however that is unlikely as I like to stick and learn.
"plan your trade and trade your plan"
Have a blessed and profitable trading week ahead.
to ride wave 5 down. Now it may be projected as a double bottom end goal, but this is simply because of wave 1 to wave 5
ratios. Wave 2 is formed by a symmetrical triangle and therefore we count wave three from the top of E within the triangle.
On the lower timeframe, we have a break below a bearish flag and a retest has just been confirmed. The idea would be
invalidated by a break back into the flag.
Targets:
16.66000
16.39500
I hope you enjoy this post, I would highly appreciate it if you would like to share your views on this pair.
Stay tuned below for updates on the progress of this chart or should my analysis change, however that is unlikely as I like to stick and learn.
"plan your trade and trade your plan"
Have a blessed and profitable trading week ahead.
Trade closed manually
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.
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.