Seeking the end to what I see as Wave 2, we are at the point of no return.
These are not classic ED;s but, it is an appropriate way to end a Wave 2 swing.
Under EW rules wave 2 is allowed to retrace 100% of wave one - and we are there !
So, this is a very low risk trade with an immediate signal of this analysis being dead wrong.
(anything under wave 1 and this is an invalided trade idea)
Almost fits in with this chart: www.tradingview.com/e/WmR2GBRx/
which has the look of a washout.
If this is the start of a wave 3 then the final target is somewhere around .94.50/.9500.
What I like is the low risk to find out.
*of course I've been saying that all the way down these unceasing zig zags*
Perhaps now, such vigilance will be rewarded !!!
These are not classic ED;s but, it is an appropriate way to end a Wave 2 swing.
Under EW rules wave 2 is allowed to retrace 100% of wave one - and we are there !
So, this is a very low risk trade with an immediate signal of this analysis being dead wrong.
(anything under wave 1 and this is an invalided trade idea)
Almost fits in with this chart: www.tradingview.com/e/WmR2GBRx/
which has the look of a washout.
If this is the start of a wave 3 then the final target is somewhere around .94.50/.9500.
What I like is the low risk to find out.
*of course I've been saying that all the way down these unceasing zig zags*
Perhaps now, such vigilance will be rewarded !!!