It's NFP day so not feeling very risky right now.
Simple trade for Friday, shorting a move from Wave v to Wave iv.
Price already consolidated for some time forming a range.
A tower top pattern formed on the 6-hour chart (red-box), breaking out below the range.
We now have a pullback to mid-range with backside test of diagonal trend line.
Unless the trade idea is wrong, if not this should be the chance to enter for a move to 0.8766.
Simple trade for Friday, shorting a move from Wave v to Wave iv.
Price already consolidated for some time forming a range.
A tower top pattern formed on the 6-hour chart (red-box), breaking out below the range.
We now have a pullback to mid-range with backside test of diagonal trend line.
Unless the trade idea is wrong, if not this should be the chance to enter for a move to 0.8766.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.