Salam and Hope everyone is well.
Let's have a look at EURUSD.
We knew that Monthly, Weekly and H4 Timeframe is/were closed outside the Upper Bollinger Band. (BB).
So whatever movement the market is doing is just a retracement (?) I think lah! hahaha
Where would be the zones to monitor whether the market will be pushing upwards back again?
Remember, NOTE TO MYSELF TOO! Have to have clear setup that the market will rally.
Still In selling mood. So place your position well till the TP2 Zone.
Doesnt look like the market will be rallying up anytime soon. Why?
Because the bigger TF is abit confusing.....
1. Didnt break the highest point of Daily. BUT! got CB1 has been broken.
2. The market has reach the end of wave 3? and now correction wave is in motion? ABC? or ABCDE??
It could be making a lower C. Regular FLATS OR??
or Triangles.
Here's a picture note about Eliott Wave
Hanyalah sekadar pandangan demo acccount (LAGI) sahaja.....
Jazakallah!
SalamTrader
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