Peace be Upon You and Good Day,
Please do correct me if i am wrong. Really appreciate your comments on the trading plan.
There are 2 zones that needs to be checked if theres any indication whether the price will be or otherwise.
1st zone would be at 0.70760 - 0.71024 (marked with the red arrow)
2nd zone would be at 0.71024- 0.73284 (marked with the red arrow)
1. Weekly has made a divergence beforehand as an indicator the price will be .
2. Now weekly has made a convergence, which means the rallying price is a correction move. Reaching the first zone. If it breaks the zone, lets wait at the 2nd zone for the sell position.
3. Daily has not shown any sign of the price would be .
4. H4: Divergence of AO will appear at either of the 2 zones as a confirmation for move. Candle break ( ) for the zones will also needs to appear at either of the 2 zones as a confirmation for the move.
5. 3 and 5 is has appeared at weekly. Now the correction move, is in progress. Wave B at either 2 zones should be completed soon enough. Wave C is the move of the pricing.
Take Profit Area: 0.66917 - 0.65900
SHORT TERM: BUY till either at the 2 zones
MID TERM: SELL till the take profit area
LONG TERM: TBA
Trade at your own risk and have a great day!
Please do share your thoughts.