all major moves for today seems over. Average daily range has been reached in most pairs except aud/usd. so i am expecting some counter trend trades to happen. i will close for the day. Safe trades to all.
STING
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DislikedStringfx Please post screenshot with Symbol,Time frame. I hope it wont be that much harder. and your and @sixer predictions being mostly good like me PS: I don't know how to tag user in this. anyone can guide me?Ignored
DislikedGBPUSD Daily/weekly (not very confident on the count so i am not trading this pair on live). this is my 2 cent view. on a weekly timeframe we seem to be on the 4th wave. I am not sure if it is completed or not although it seems complete. Now we could be on the start of a fifth wave down. My 1st chart shows the daily count. The second chart is an hourly chart which shows an impulse wave down. i am expecting a wave 3 down to 1.3911 on hourly chart provided that major wave 4 is over. otherwise it will rise again to 61.8 on the weekly chart. {image}...Ignored
Disliked{quote} Stringfx, thanks for providing the chart. Hopefully, in the daily chart, 4th wave is over since it had turned back just below the invalidation point, and now it is moving down in third wave (hourly chart). Also, it is matching with the expected upward correction of $ index. Regards,Ignored
DislikedThe Oil bear market started 2008 - Wave [A] of the correction pattern (ZigZag ?) is still unfolding. Bear markets of the commodities last 20 years. Sixer {image}Ignored