Monday, February 20, 2023

Hello Traders!

1. We see a 5-wave move down, a clear impulse; then Wave A breaking into 5 parts, and then a clear Wave B breaking into further 3 parts.

2. We see a running triangle variation forming as shown in the chart and then a 5-move impulse down. Image attached.

3. A 5-move wave up can be clearly seen on the chart in the 15-minute timeframe. That will be our 1st wave.

4. Target can be anywhere between 100% of Wave B and 161.8% of Wave A. That gives us the complete green zone.

5. I've already talked about irregular correction quite in depth in the BTC idea I published recently. The link will be attached.

Do use proper risk management.
Happy Trading!

Market's Mechanic.

EURUSD swing up expectation

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