Hello traders
Waves 3 and 5 from the two preceding cycles both ended with divergence rather than truncation.
Therefore, given the current price, we are once again looking for a divergence to occur or for a textbook Elliot wave truncation or a fomc kiss the price and hit all SL to move downward.
so share your thoughts
My trading strategy isn't intended to be used as a signal service. It's a process of gaining knowledge of market structure and improving my trading abilities.
Like and subscribe and happy trading to all
Waves 3 and 5 from the two preceding cycles both ended with divergence rather than truncation.
Therefore, given the current price, we are once again looking for a divergence to occur or for a textbook Elliot wave truncation or a fomc kiss the price and hit all SL to move downward.
so share your thoughts
My trading strategy isn't intended to be used as a signal service. It's a process of gaining knowledge of market structure and improving my trading abilities.
Like and subscribe and happy trading to all
Note
Waiting
Trade active
worth waitingNote
GBPUSD failed to set a new high. If the FOMC data tomorrow is strong for the dollar, GBPUSD may fall.
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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.
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.