Sidwayscorrection
0811 End of Wave C UJ could down to test 112.8-113.00Hello traders,
USDJPY could have wave C down to test 112.8-113.00 on 4H chart. The strong support zone on this chart could be a easy one to break through but wont pull this pair too far from current position.
I would still prefer to long UJ once it finished ABC wave on 4H chart and send a confirming signal to long later. Sorry that last one got stop loss hit. It happens.
RISK LOWER THAN YOUR TOLERANCE:
Suggested Risk <5%
Your Real Entry Position Will Make Different RR for Your Trade.
GOOD LUCK!!!
LESS IS MORE!
1410 4H GBPUSD finished sideways for a new leg up Hello traders,
Price action on gbpusd proves us wrong on the idea to sell.
Back to the 4h chart, sideways inside the blue box finished and a new leg just break the channel up to new level.
Keep eyes on any correction to buy till those dash lines
RISK LOWER THAN YOUR TOLERANCE:
Suggested Risk <5%
TARGET:1.383-1.393
Your Real Entry Position Will Make Different RR for Your Trade.
Good luck!
LESS IS MORE!
GBPJPY looks good to long too.
EURUSD Wave Count and Something to ConsiderEURUSD is currently rallying with a second impulsive wave toward the top of the declining channel. The pair may see some resistance at these levels as wave-(c) did not surpass the start of wave-(a) and a sideways symmetrical triangle may be underway prior to the continued rally. The channel resistance may add to the bearish bias at these levels. I am still bullish on the pair, and retracement to wave-(e) may present an excellent opportunity to add to bullish positions for the continued rally through the completion of corrective wave-C.
Bullish Entry: