WXY correction
Hello ladies and gentlemen :)
I couldn't make a prediction yesterday for Tradingview, but even though I could predict the move, I missed the reaction area by only 3 pips and couldn't get my short trade. I think the last breakout started the main correction of the WXY move with a nice example of an impulse move. I expect it to move to the orange zone below, as I show on the chart.
Tomorrow I will look for a long position in the area shown in red. After around 1.0550, I watch the movement and expect it to continue until around 1.0580.
In the London session, inflation data will come first from France and then from Spain. According to expectations, I think it supports my main scenario.
If you like my analysis, do not forget to support. Your likes make me very happy :)
Good luck to everyone.
I couldn't make a prediction yesterday for Tradingview, but even though I could predict the move, I missed the reaction area by only 3 pips and couldn't get my short trade. I think the last breakout started the main correction of the WXY move with a nice example of an impulse move. I expect it to move to the orange zone below, as I show on the chart.
Tomorrow I will look for a long position in the area shown in red. After around 1.0550, I watch the movement and expect it to continue until around 1.0580.
In the London session, inflation data will come first from France and then from Spain. According to expectations, I think it supports my main scenario.
If you like my analysis, do not forget to support. Your likes make me very happy :)
Good luck to everyone.
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