Correction could be turning into an ABCDE pattern with another leg down to come as per the chart
News coming out right now...
A breakout above the channel and 91.7 level could mean the correction is complete and the 4hr uptrend is back in progress
Disclaimer: just ideas, no crystal ball, no financial advice, do you own research
News coming out right now...
A breakout above the channel and 91.7 level could mean the correction is complete and the 4hr uptrend is back in progress
Disclaimer: just ideas, no crystal ball, no financial advice, do you own research
Note
Move down looking good. Looks like another low-risk short entry here. Note
The second entry has now been invalidated for a 16 pip lossNote
This is why we must always have strict Risk Management in place, the goalposts often move, and "the market can remain irrational longer then you can remain solvent"... Note
Note
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.
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.