Analysis: Utilizing chart patterns, highs & lows, and impulses & corrections, the focus is on identifying a continuation corrective structure following a breakout.
Entry: The price approached the previous upper zone of a HTF ascending structure with an ascending structure on the mid time frame (MTF), then plummeted from the swing high area signaling a bearish shift, and formed another bearish continuation-like pattern on the LTF. We shall be looking for an entry with a small bearish continuation structure here targeting the lower bound of the HTF ascending structure
Expectation: A downward move is anticipated.
⚠️ Reminder: Conduct your own analysis and implement proper risk management, as forex trading carries no guarantees. This is a high-risk endeavor, and past performance does not predict future outcomes. Trade responsibly!
Entry: The price approached the previous upper zone of a HTF ascending structure with an ascending structure on the mid time frame (MTF), then plummeted from the swing high area signaling a bearish shift, and formed another bearish continuation-like pattern on the LTF. We shall be looking for an entry with a small bearish continuation structure here targeting the lower bound of the HTF ascending structure
Expectation: A downward move is anticipated.
⚠️ Reminder: Conduct your own analysis and implement proper risk management, as forex trading carries no guarantees. This is a high-risk endeavor, and past performance does not predict future outcomes. Trade responsibly!
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.