Possible start of downwards trend once MA 20 crosses MA 50 (H1).
This will be the start of wave 1.
Short trend will continue up to around the support area (~114.6 - 114.7) before bouncing off to create wave 2.
This will be the start of wave 1.
Short trend will continue up to around the support area (~114.6 - 114.7) before bouncing off to create wave 2.
Yorum:
checking on the H1, seems like it is now getting ready for wave 4. Better place some trailing stops to secure profit. Then re-enter on wave 4.