Good day all,
here is a trade am looking for a re-entry:
My thoughts:
Looking at monthly, its a simple large consolidation range 2000pips, place a horizontal line 12658 and 1.0509 u will see this clearly, mkt is about to start its journey south
Daily: mkt has completed a cycle of abcd=127 and now we have another abc with correction at 78.6 and an equal low 12374
1hr: am looking for a pull back and a short at where the arrow is indicated if the the low of 12374 is taken out. 1.618 of this present wave convergese with the low.
anybody taking this trade shd be able to hold on to it and be canceling and replacing stop until 1.0509 is achieved. it could be possible!
here is a trade am looking for a re-entry:
My thoughts:
Looking at monthly, its a simple large consolidation range 2000pips, place a horizontal line 12658 and 1.0509 u will see this clearly, mkt is about to start its journey south
Daily: mkt has completed a cycle of abcd=127 and now we have another abc with correction at 78.6 and an equal low 12374
1hr: am looking for a pull back and a short at where the arrow is indicated if the the low of 12374 is taken out. 1.618 of this present wave convergese with the low.
anybody taking this trade shd be able to hold on to it and be canceling and replacing stop until 1.0509 is achieved. it could be possible!