This pair seems to be in a correction and seems to be completing a Wave W-X-Y (Not yet confirmed) on the Intermediate period, currently going Short on the 4H and Daily.
It seems we are past the mid-way mark of a Wave Y (Just missed out on a good Short Entry so I will wait for another structure trigger for entry). If I'm unable to get a good entry, I'll wait until the completion of Wave Y to see what information the market price action gives for a possible Long entry.
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NB: This chart is for sharing and educational purposes only and is not intended to be a signal service or similar.
Please do not trade this chart if you do not have your own strategy. Trade only with your own strategy.
Some very wise words: Plan your trade and trade your plan... and IF in doubt, stay out.
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It seems we are past the mid-way mark of a Wave Y (Just missed out on a good Short Entry so I will wait for another structure trigger for entry). If I'm unable to get a good entry, I'll wait until the completion of Wave Y to see what information the market price action gives for a possible Long entry.
------------------------------------------------------------------------------------------------------------------------
NB: This chart is for sharing and educational purposes only and is not intended to be a signal service or similar.
Please do not trade this chart if you do not have your own strategy. Trade only with your own strategy.
Some very wise words: Plan your trade and trade your plan... and IF in doubt, stay out.
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