RED VS BLUE EURUSD H4
Updated
FIRST AND FOREMOST... BOTH red and blue are A B C corrections. Red is the LONG Version and BLUE the short..
"IF" the market turns now... and Wave A completes here, we will be on the blue path. It would still meet the guidelines of closing within the "area" of 4. "IF NOT" and prices goes to the long red A then that too meets the guidelines of closing within the 'area' of 4.
Every thing after that is what I suspect will happen correction wise after the main conflict of Red vs. Blue is over.
IN EITHER CASE, I made this chart as a CORRECTION to my "Follow the yellow brick road" chart.
"IF" the market turns now... and Wave A completes here, we will be on the blue path. It would still meet the guidelines of closing within the "area" of 4. "IF NOT" and prices goes to the long red A then that too meets the guidelines of closing within the 'area' of 4.
Every thing after that is what I suspect will happen correction wise after the main conflict of Red vs. Blue is over.
IN EITHER CASE, I made this chart as a CORRECTION to my "Follow the yellow brick road" chart.
Trade active
All going as planned.Trade active
Market turned... and we rode the wave down to be up 88 pips so far.... lets keep going till we reach bottom.Trade active
Hmm... Strange way to get to B. We still in it... lets see how this plays out. IF we have to switch to red, then we will.Trade active
The path maybe a straight line, but price has no intention of moving that way. So to save drama. I will be going LONG this week till (Red A and Blue C has been reached.)Note
Not exactly following the carved out path, but it is till an ABC happening here...Trade closed manually
Not what I was looking for.
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