We will be looking for buys on this pair to keep it for long term, first it needs a correction and one move down to finish the current structure. If you were in with us on the buys make sure to move your stops to breakeven, if it takes you out then look for buys again from below.
Now, after experimenting all the technical analysis techniques over the past 8+ years, i.e. Dow theory, Elliott wave theory, Advanced patterns, Harmonic patterns , Support & Resistance , Chart patterns and Indicators.These methods might be working for so many people but we came to the conclusion that only "Wave Analysis" is powerful enough to make us consistent profitable forex traders.
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What we are sharing here is only our point of view on what could be the next move in the "Forex market" based on Wave Analysis and not signals...
"first it needs a correction and one move down to finish the current structure" fully agree with your Statement...."make sure to move your stops to breakeven" not agreed at all....how can you suggest stop loss at breakeven, when market has not even moved.....???? Tell your subscriber true Stop Loss level, if you know where it should be.....Overall I agree with your call....Thanx