Price consolidate. Close the long trade. Change to sell. 119.500!
My bias on GA still remaining bullish, based on structure we will ending the correction phase and ready to rally to the upside.
Too late to update this setup because I was not in front of my PC, but I made an entry on my phone because of the alert. However, there will be another opportunity to scale in more position. EURNZD finished wave 4 and ready to make a rally down to Wave 5.
Looking to EURNZD, there is a good setup in this pair. Based on EW, I would like to see the price getting higher to my "Area of Value" and I will go to lower timeframe to get into short opportunity. We can call this intraday trade, in order to confirm my short bias of course I would love to see if the price makes a Lower Low in Daily TF before doing any pullback....
Wave 4 to Wave 5 to make a Daily Higher High
Big opportunity in this pair to go long as I assume Wave 4 has formed at fibo 23.6% and will be finishing Wave 5. My purpose here to see if this pair can make a Higher High in big Timeframe to go along with my bullish bias. Simply based on Elliot Waves Analysis. Thankyou and let's see how it goes.
First Trade this week. Long Term short is very possible.
This is not a setup but this is a forecast based on Elliot Wave Analysis. Please keep in mind that no guarantee this is gonna work but it is what it is. USDJPY has been in a long term correction, slowly but sure it creates sort of clearer movement so easier to catch it. I assume USDJPY is making an ending diagonal pattern in Weekly timeframe and its finishing...