OKEY HERE WE HAVE A GOOD TRADE. MACD IS SHOWING A LITTLE DIVERGENCE, SO PRICE WILL GO UP TO MAKE THE D WAVE, BUT THATS NOT THE ONE I WANT. ANYWAYS YOU CAN TRADE IT (60 PIPS APROX)
I HAVE 2 POINTS OF VIEW.
1) PRICE MAKE THE D WAVE AND BOUNCE MAKING THE E WAVE WITH MORE DIVERGENCE AT THAT POINT, GIVING US AN OPPORTUNITY TO GO LONG.
2)THE ABCDE PATTERN IS INCORRECT AND PRICE MAKE THE UP MOVE TO THE D WAVE AND BREAK OUT THE STRUCTURE. IF THIS HAPPEN I WANT TO SEE JUST BEFORE OR AFTER THE BREAK OUT A LITTLE OF CORRECTION MAYBE 3 4 CANDLES IN SIDEWAYS TO GO LONG.
WHAT DO YOU THINK??
I HAVE 2 POINTS OF VIEW.
1) PRICE MAKE THE D WAVE AND BOUNCE MAKING THE E WAVE WITH MORE DIVERGENCE AT THAT POINT, GIVING US AN OPPORTUNITY TO GO LONG.
2)THE ABCDE PATTERN IS INCORRECT AND PRICE MAKE THE UP MOVE TO THE D WAVE AND BREAK OUT THE STRUCTURE. IF THIS HAPPEN I WANT TO SEE JUST BEFORE OR AFTER THE BREAK OUT A LITTLE OF CORRECTION MAYBE 3 4 CANDLES IN SIDEWAYS TO GO LONG.
WHAT DO YOU THINK??
