DjalilLounis

DjalilLounis

if am not wrong the big cycle wave 4 (purple label )is finished and we started our wave 5 (5 waves )now, you can see that wave 1 (red label ) is finished and we have wave "a" (red) which is done and we are currently in wave "b".almost done the best trade will be trying to ride the 3 after the leg C is finished. we can also try shorting wave C but it is 90...

DjalilLounis

the long can be open only after confirmation that the down trend is over ( if it break the blue line where i have the possible II ) it will give us a better R:R rate. a breakout of the support (the red line ) will cancel the idea Possible entry : 0.9739 SL 0.9663 (75 pips ) TP1: 0.9786 (48 Pips) TP2: 0.9906 (164 pips)

DjalilLounis

The trade is not valid any more i was wrong in the wave counting

DjalilLounis

The trade is not valid any more i was wrong in the wave counting

DjalilLounis

We have trade of possible 100 pips the target is the 0.38% Fib ret from W3 + AB=CB + the projection of the trend line from the w2 low .

DjalilLounis

Shorting the C wave

DjalilLounis

the 2 part of the long

DjalilLounis

Never traded this pair the 1st analyse

DjalilLounis

to correct this movement we have 2 or 3 possibilities 1 Flat correction in that case i will short from the B point 2 Zigzag In that case wave A is not finished and we will have to count 5 waves before long the B wave .

DjalilLounis

Trading the Leg C of the retrenchment There is bad News for Cad (fundamentals say that the pair will go up TA say Down ),

DjalilLounis

trying to catch the wave 3 of the B wave (3w).

DjalilLounis

SHort a the triangle on W4

DjalilLounis

Next 2 trades on GBP - CAD

DjalilLounis

trying to get in the W3

DjalilLounis

Next trade (Order)

DjalilLounis

A good trade with a good R/R the only problem that i see is the B that took the low of the 5 wave so it is possible that i am wrong

DjalilLounis

wait and see if we are in the wave 4 correction before the wave 5 to the downside

DjalilLounis

Break of the W3 hg confirm the W5 We have Break-out of the high and retest