The idea is very simple - if You are bull, it is one place you should consider to enter a trade.
We could be:
In 2 second wave of wave C of Larger expanding flat. This wave 2 is expanding flat too. So now should we see nice upside move in wave 3.
1.13 shoul not be crossed!
Pros:
1. Last cerrection od the year downtrend was very short, so it do not look "nice". One more move would be better :)
2. everything is correct until we don't cross 1.13
3. Every other pair just made their moves and EURUSD not
4. Clear SL with clear target
5. Move from 05.11 (1.13533) to 07.11 (1.15) looks like correction, not motive wave
Cons:
1. USDCAD looks bullish for another 100 pip at least, AUDUSD bearish to the bottom
2. EURUSD could do not larger expanding flat but running flat - in that case we should see drop to 1.125 and then we see
3. Poor swaps (overnight) - this could be a long term position, so if it takes eg.2 months to reach the target, we will loose much profit
4. If you are bear - after crossing 1.13 consider entry at least to 1.125 :)
Entry: 1.133-1.134
SL: 1.13
TP: 1.18
Good luck!
We could be:
In 2 second wave of wave C of Larger expanding flat. This wave 2 is expanding flat too. So now should we see nice upside move in wave 3.
1.13 shoul not be crossed!
Pros:
1. Last cerrection od the year downtrend was very short, so it do not look "nice". One more move would be better :)
2. everything is correct until we don't cross 1.13
3. Every other pair just made their moves and EURUSD not
4. Clear SL with clear target
5. Move from 05.11 (1.13533) to 07.11 (1.15) looks like correction, not motive wave
Cons:
1. USDCAD looks bullish for another 100 pip at least, AUDUSD bearish to the bottom
2. EURUSD could do not larger expanding flat but running flat - in that case we should see drop to 1.125 and then we see
3. Poor swaps (overnight) - this could be a long term position, so if it takes eg.2 months to reach the target, we will loose much profit
4. If you are bear - after crossing 1.13 consider entry at least to 1.125 :)
Entry: 1.133-1.134
SL: 1.13
TP: 1.18
Good luck!
トレード稼働中:
Entry: 1.1339