I was looking at this kind of setup as an alternative count
AnandYRaja
⋅
JWagnerFXTrader
⋅
I see - that is a perspective I haven't considered. If the 1.4350 breaks, that will need to be an elevated possibility as it suggests an eventual revisit towards the lows. Thank you for sharing anandinhio!
YuzukiChan
⋅
Not gonna happen.
YuzukiChan
⋅
Thank you, btw. Good to see alternative scenarios. But that ain't gonna happen.
AnandYRaja
⋅
hehe. Yes it was my alternative count too. I like to keep one just in case. I closed my positions last week and was waiting to re enter. I am looking at current price action as a possible expanded flat with c being an ending diagonal. I will wait for a break of 4 to confirm.
JWagnerFXTrader
⋅
Yuzuki, I'm right there with you in this one. The sideways chop are the worst on these trades because of the roll eating away.
YuzukiChan
⋅
It's nice you point out the divergence. In weekly chart, too, there's a clear positive RSI divergence. That's a good sign to spot the end of A-B-C.
IvanLabrie
⋅
Just a matter of patience.
YuzukiChan
⋅
I'm already in at the bottom of the Monday gap. I'll add to the trade as it's confirmed.