Based on recent bullish wave, and the following correction, I am going long till next resistance. #correction #waveanalysis
Looking for a quick long position because of a potential break-out from a trend line.
I am going long from current. My idea is based on tendency of market to progress in the form of wave-correction-wave.
Rejection from a major resistance level. Highly likely that it will retest previous support.
Another very good set up on EURUSD, with a potential of about 15 pips. After the current strong candle on1 hour frame, I expect it to test upper limit within the down channel again.
Trade is based on the simple idea of support and resistance!
I believe the GBPUSD is at the end of big correction on hourly charts. The trade is worth taking with a SL of about 50 pips from current price level.
I am looking for continuation of recent strong bearish movement on 1H, after the conclusion of the current struggle between bears and bulls.
I am lookin to catch some pips as a result of continuation of current impulse.
looking to take pips out of the completion of current correction and possible next wave
I can see 200 pips in north direction on short time frame(4H and 1H). On weekly and monthly, it is currently setup to go all the way to 1.859
Looking for Completion of three wave structure on daily as well as weekly. Mind you account size, the trade is not for day traders.