Looks like GU wants to go higher. Yesterday printed ID, so the extended range is expected. Plenty of resistance zones to the upside. If YH @1.3459 is taken out, the first target is AB-CD @1.3488

Coreg's EW+HP+D/W Range

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Coreg's EW+HP+D/W Range

If 1.3433 won't hold, potentially up to 1.3473; the end of the beaish bat pattern

Coreg's EW+HP+D/W Range

Miti, it all depends on the size of the stop-loss and the reason to open the trade. Any technical trading method will do the job. I wait for the NY Open.

Coreg's EW+HP+D/W Range

I know Whale, that you are looking to short, but we don't know if the price will come back to the 1.3468 level.

Coreg's EW+HP+D/W Range

Possible, but we don't know if retracement to the i-v pattern is finished.

Coreg's EW+HP+D/W Range

birdland, watch for potential support zones on the daily chart. 1.3428-1.3412

Coreg's EW+HP+D/W Range

Miti, I expected a powerful move to the upside (wave C or 3 in the making yesterday) but not in one day. I left some change on the table, but not too much. Trigger chart below.

Coreg's EW+HP+D/W Range

The first potential support zone for today is between 1.3427 and 1.3405. We still don't know if C is in place.

Coreg's EW+HP+D/W Range

The day is so awesome that we aim at the targets from the daily TF: 1.3479-1.3515 for the potential end of wave C.

Coreg's EW+HP+D/W Range

birdland, if YCL @1.3237 breaks, it's not the end of the world. The setup will still have the chance to be valid if it stays above PP @1.3227

Coreg's EW+HP+D/W Range

birdland, be conscious, too many of us bet on this pattern working today.

Coreg's EW+HP+D/W Range

Miti, that's what I think now. How will the pattern be screwed if geopolitics shift?

Coreg's EW+HP+D/W Range

Aiming for 1.3303 today, at least (completion of AB=CD pattern) as long as the current support zone holds.

Coreg's EW+HP+D/W Range

Waiting for a potential wave B to complete.

Coreg's EW+HP+D/W Range

5M trigger chart

Coreg's EW+HP+D/W Range

After ID on Friday, there is a possibility for R3 to be reached today, but before we pay attention to the 1.3263-1.3272 resistance zone.

Coreg's EW+HP+D/W Range

GU in the potential end zone for a wave 4

Coreg's EW+HP+D/W Range

...practicing posting the charts with a new method and seeing what the best option is. image Still blurry ... image

Coreg's EW+HP+D/W Range

Gold reached 50% ret. Now, we should expect completion of the AB=CD pattern @4854. Do we get there?

Coreg's EW+HP+D/W Range