AN just finished a major abc correction and are about to begin its 3ed wave to the downside. Wait for confirmation before entering. Place stop above the minor 2nd wave retracement. The different support line (blue lines) offers a possibility to add to the trade or take profit and enter again at a better price.
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jojofang0901
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Nice trade setup, thank you for sharing your view on this pair. I have same idea as well.
stampe
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@jojofang0901, Thansk for sharing. Lets see how far this can go. Are you into Elliottt wave. Any idea where we are ???
jojofang0901
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@stampe, sorry, I am specialize in break and retest types of setups and strategies, do not practice EW.