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Hi there,
EURGBP is ready for the next big move up according to the information I have right now. We finished the correction, now going for the next impulsive move up. My plan is to wait for a correction on the smaller time frame, then I'll strike for the buy. This move has a potential of couple hundred pips.
MisterRay
Hi there,
We have completed the regular flat and are now starting the next impulse. My trade would be on the 1H time frame (or even lower) once another flat forms in order to get into the buy (2nd position). First position was at the bottom of the structure.
I am now expecting the next big impulse up, except something changes drastically in the structure.
MisterRay
Hi there,
I see a smaller correction marked with green arrows. The last three daily candles show some strong move up and if this is the C wave, I believe that we could be seeing a completion of the regular flat soon.
Looking at the bigger picture, if we go down from here, I could imagine seeing a further move down to complete the regular flat (marked in blue +...
Hi there,
I have analyzed the AUDJPY on the daily and found three possible outcomes whereas all three point to the upside.
Option 1 is that we are completing a regular flat and we are heading higher.
Option 2 is that we are completing a regular flat on the bigger picture and we are moving higher.
Option 3 is that we are moving much lower and then we will get the...
Hi there,
With the information I have now on the chart, I believe that the price is forming a regular flat (could also be a squeezing flat, not breaking the low) and it is preparing for another impulsive move up.
Let's see how it develops.
MisterRay