My count has been holding up pretty well. We failed to break through 1.29.
Few days ago I posted this chart and on the 4h chart I always look for confirmation of the MACD. If the MACD crosses deep, it usually means a big move up. At the Cross, usually a wave 1, there is always a pullback wave 2, then is the time to enter your trade. Since I started this strategy I have won over 80% of my trades.
Here is an example shown. MACD crosses, wait for pullback, confirm uptrend, enter trade with stop below start of wave 1.
Made 400 pips so far. So, where are we now? We broke 1.3100 and a retest held up very well making 1.3100 good support. 1.33 could be the end of a wave 3, but I expect to go to at least the top of the trendchannel at 1.3350.
MACD is still very bullish.
Few days ago I posted this chart and on the 4h chart I always look for confirmation of the MACD. If the MACD crosses deep, it usually means a big move up. At the Cross, usually a wave 1, there is always a pullback wave 2, then is the time to enter your trade. Since I started this strategy I have won over 80% of my trades.
Here is an example shown. MACD crosses, wait for pullback, confirm uptrend, enter trade with stop below start of wave 1.
Made 400 pips so far. So, where are we now? We broke 1.3100 and a retest held up very well making 1.3100 good support. 1.33 could be the end of a wave 3, but I expect to go to at least the top of the trendchannel at 1.3350.
MACD is still very bullish.
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