EW Trade Set Up H4
subminuette W4 seems finished
monitor the breakout of the descending channel that appears to contain wave IV
The bullish movement that started on July 17th must assume a 5-wave pattern
key levels (area)
1.1705
1.1684 POC
1.1654
note :
the breakout upwards of the leading span B (red line) by the lagging span (green line) will confirm the start of a bullish movement in the subminuette wave v.
Failure to break above price levels 1.1684 and 1.1705 will result in a recalculation of the waves count
Trade active
key level for today session 1.1700Trade closed: target reached
Today session key levels 1.1745/1.1800Note
The strong resistance at the 1.1800 area and the subsequent price movement lead me to recalculate the wave pattern
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.