DislikedTrue. But who said it's a trend reversal?
I don't see a trend reversal on my monthly chart.
There's one that could happen on the weekly chart. But it hasn't happened yet. And when it does, we don't know how long it will last. I don't believe it will be really long but right now, neither of us know.
As I said earlier, Stoch on H4 is nearing oversold levels. And once it gets there, it's a long way towards the overbought level again which will push the pair just a touch higher.Ignored
I am talking about a correction, which may be considered by few a trend reversal for their timeframes. I only go with the market flow and therefore do not form a bias. However, a correction upto 1.4500 is very much possible.
I wish I had enough capital to go long on this correction.
Jay, I wish you all the best in this trade. I am sure you apply circuit breakers to take care of corrections.
The Thief of Wall Street