GMT LONG SETUP

٥ أبريل ٢٠٢٢

Market just finished 1-5 Elliot wave and started an ABC correction downwards, we are forecasting C (Last wave of a correction) should be around 1.43 zone, because going up market formed high volume institutional candle zone and also it is at 61.8 fib zone (reversal zone)

If our forecast is correct we are in M pattern, and after that should see a movement down.

Entry: 1.43647
Invalidation: 0.97648
Target: 2.95920
R/R Ratio: 3.13