EURUSD - Zig Zag Forming in Wave 2
OK So with a lack of a reversal and the sharp nature of this current wave it looks like this thing is carving out a zig zag in wave 2.
With a break of the magenta line we can assume this is a short term move back towards the highs in wave (c).
Go long at the break or wait for a pullback, this doesn't have much upside but at least its something of a clue as to what to expect.
I am staying away from this for now but it can be a good break out trade for those short term traders.
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With a break of the magenta line we can assume this is a short term move back towards the highs in wave (c).
Go long at the break or wait for a pullback, this doesn't have much upside but at least its something of a clue as to what to expect.
I am staying away from this for now but it can be a good break out trade for those short term traders.
Please LIKE and FOLLOW to get notification of updates and future posts.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.