this is very good level for sell, but its also risk taking entry for better RR Ratio,but if you want to ensure down trend confirmation then better to watch for Chanel breakout..
it must be wave c to proof that structure is going as per exceptions.
Sell now if you are interested, otherwise it is much better if you can wait
Watch fo breakout, if it breaks move your stop, and dont exit trade it could go some more down side
usdjpy going well for completion of abc pattern...
If EU will break the flat top line, and make TCP the it will b confirmation for long term up trend.
Watch for price action for Short, at Feb Level...
Ideal Position for buy, just wait for close candle above the trend line.
This pair have a very very good potential. if it break then it will go for long term down trend... watch for breakout...
watch for breakout, if it breaks it could be will go down for long time...
Divergent shows that, up trend is going to die, but there is still have possibility for one more up move... so its better to wait for up move or channel breakout...between in this there is no any trade setup...
There is still high chance for last up move, it could be more long if USD more fall... this is good buy setup for me
wait for breakout is a confirmation that this pair is now going its opposite direction, but if we have try our best we can find market edge point... that will give us best Risk Reward Ratio. IMO This is not a very good setup. but this is a risk taking entry... Let see what will happens...