Has tested the 1.3000 support area level multiple times, most recently with the completion of a hammer on 1-12 and a bear sash on 1-18.TSI ramping up with this candle completion. I have a position opened at the sash competition on 1-16. Three black crows pattern failed and price made a higher low. I bought two more lots yesterday in the 1.3090 area.
Being a fledgling Elliot Wave apprentice, I went ahead and labeled the chart starting from the move up back in June, It doesn't violate any guidelines, and I am thinking the pair is just beginning the start of wave three, which gives a great risk reward and why I added another two lots. Stops 20 pips below the low of 1-17. Should be a big move, but patience is key...positive roll so no bigs holding this for a while.
Being a fledgling Elliot Wave apprentice, I went ahead and labeled the chart starting from the move up back in June, It doesn't violate any guidelines, and I am thinking the pair is just beginning the start of wave three, which gives a great risk reward and why I added another two lots. Stops 20 pips below the low of 1-17. Should be a big move, but patience is key...positive roll so no bigs holding this for a while.