UPDATE: CADJPY- waiting for 4th and 5th waves to complete
am still thinking of selling this pair, but till time 4th wave is in still in construction.
why is wave 4 important for me at this point?
1. from the last low it creates 5th wave must be in line with wave 1 and its movement shouldn't exceed 65-75 pips.
2. I assume that wave 4 will take more in time than price to complete,
lets wait and see how will wave and 4 and 5 connects
good luck
why is wave 4 important for me at this point?
1. from the last low it creates 5th wave must be in line with wave 1 and its movement shouldn't exceed 65-75 pips.
2. I assume that wave 4 will take more in time than price to complete,
lets wait and see how will wave and 4 and 5 connects
good luck