1. A new ground is forming at a very strong support level, in both D and W TF. 2. Right shoulder for a H&S in W TF could start soon. 3. Divergence in D TF. I will wait for a break of the intraday high of April 18th. Will post an update when the time has come, so make sure you follow me! Happy Trading
The short TF trendline has to be broken and price should ideally consolidate before looking for a long setup. Wave Pattern in 4H TF is still valid, as long as price does NOT closes below the high of wave 1. Trade with care!
Bulls are gone, bears are coming. This pair will be ready for a small consolidation to the upside, before falling again. Will be posting an update when the time has come!
Consolidation till 109.50 area, then long till 110.50-60 area. If price closes below the high of wave 1, the pattern becomes invalid. Happy Trading!
0.7960 acts both as a support and resistance. I'll wait for a clear breakout and CLOSE for a possible long position.