Hello traders,
We are currently looking at the start of the third impulse down to complete a standard 123 correction, so I would watch for the break of the .867 area and look for a reversal at that point.
If you get a nice horizontal correction in this area you can think of getting into a sell entry on a smaller time frame with a stop loss just above the correction area (1.35), BUT that is only if the correction stays in this zone. Otherwise, just wait for the drop and look for a buy setup after it starts reversing.
If you would like me to forecast a specific pair that I have not covered, feel free to comment it down below!
Please don’t forget to like & follow.
Thank you,
Good luck
We are currently looking at the start of the third impulse down to complete a standard 123 correction, so I would watch for the break of the .867 area and look for a reversal at that point.
If you get a nice horizontal correction in this area you can think of getting into a sell entry on a smaller time frame with a stop loss just above the correction area (1.35), BUT that is only if the correction stays in this zone. Otherwise, just wait for the drop and look for a buy setup after it starts reversing.
If you would like me to forecast a specific pair that I have not covered, feel free to comment it down below!
Please don’t forget to like & follow.
Thank you,
Good luck