There is always something else. We need to narrow the focus on the last swing on our setup TF and trade it keeping in mind zones on higher TF. There is always something brewing behind the scenes. Did you consider this scenario?

Coreg's EW+HP+D/W Range

Possible, or 1-5 pattern and ret. to potential zone for A leg. image image Either way, if it is a 1-5 pattern or ABC we target retracement to 38.2-50% (1.0440-1.0458) zone. We don't know if the price will return to this zone but we aim for ...

Coreg's EW+HP+D/W Range

The same with GU...

Coreg's EW+HP+D/W Range

It could be a tough zone to take out on the first try.

Coreg's EW+HP+D/W Range

A potential leg A forming at the first resistance zone.

Coreg's EW+HP+D/W Range

Euro is much weaker and reached the DRE zone for a potential bounce up.

Coreg's EW+HP+D/W Range

Finally, Fed Day is here so we won't be bored. Volatility increase is expected. I'm waiting for wave (v) to find the bottom. Consult the trigger TF.

Coreg's EW+HP+D/W Range

I believe we have $heety day in GU b/c retracement didn't touch 1.2411. Traders hesitate. image Even if the EU wants to go lower by the book the zone 1.0459-.xx73 should be reached before the potential drop. image

Coreg's EW+HP+D/W Range

Keep trying. Don't be discouraged. image 2 instruments, 20 pips range since the NY session opened. Brutal day. image

Coreg's EW+HP+D/W Range

trigger chart for GU

Coreg's EW+HP+D/W Range

GU made everything by the book yesterday. Reversed in the zone as indicated by the pattern and the time. Waiting for the minimum target to hit @1.2411 and the DRE zone before taking a reversal trade.

Coreg's EW+HP+D/W Range

EU had very shallow retracement at B hardly reaching the 23.6% level. For today the first resistance zone is between 1.0438-.xx42

Coreg's EW+HP+D/W Range

Update...

Coreg's EW+HP+D/W Range

Beware, Zorro is coming for you. image

Cable Update (GBPUSD)

rehmatkhan, I'm telling you there is no importance to having every twist marked on the chart. Let's say you found the end zone but you are not sure if it's for wave 3 or 5 or irregular B or maybe the move is incomplete yet. In 3 cases you will go ...

Coreg's EW+HP+D/W Range

The EU is tougher. I went with the guidelines for the end of wave C or 3. As always drop to lover TF and trade the last completed swing. image On 30M TF 1.0457 is the target for the drop. Do we get there? I don't know. You don't need to know what ...

Coreg's EW+HP+D/W Range

For intraday trading, you stalk the last swing onthe 5M chart. No difference.

Coreg's EW+HP+D/W Range

if the swing marked by a maroon arrow is finished on 4H TF 1.2411 is the min target. The labeling is invalidated if the price drops below 1.2346

Coreg's EW+HP+D/W Range

We have a possible time for resistance, Jan.27-28.

Coreg's EW+HP+D/W Range

The standard target for wave(v) is between 1.2523 and 1.2549. Watch also 1.2565 the bottom boundary for DRE. image Added: 5M trigger chart image

Coreg's EW+HP+D/W Range