What call my atention the most in this case was the almost perfect equality there is between wave 1/A and 3/C. Then after looking a little more in this, it made me think we could be in a ABC zigzag correction, IF that is the case it should be a good idea to look for the long setups ONCE it breaks the channel, I am not descarting the possibility of this beeing a more complex correction (i descarted impulse because of the overlap betweens the waves) and make another move down. All depends on how wave (iv) develops.
Comentário
⋅
Retracement was as expected and now seems like breaking out of the channel. If this is wave 5, there is not that much until the corrective phase starts. So my plan for this pair is to watch until i see a correction, and enter on the breakout.
Comentário
⋅
i did not update or trade this setup, because i will stick with the gbpaud setup