First of all I wash you all a happy prosperous new year.
We still believe that wave 4 correction is still underway and we will see the continuation of it during this week. Another scenario is that wave 4 is a running flat in which wave b goes a little bit higher than wave 3 before going down but we don't see this scenario in other USD crosses.
If you are looking for a safer trade, you could wait until we see an impulsive move down that represents the last leg down of wave 4 and then initiate trades.
After all, each one of us has their own risk aversion.
Happy trading :)
We still believe that wave 4 correction is still underway and we will see the continuation of it during this week. Another scenario is that wave 4 is a running flat in which wave b goes a little bit higher than wave 3 before going down but we don't see this scenario in other USD crosses.
If you are looking for a safer trade, you could wait until we see an impulsive move down that represents the last leg down of wave 4 and then initiate trades.
After all, each one of us has their own risk aversion.
Happy trading :)