TRADE WHAT YOU SEE NOT WHAT YOU THINK. THE YELLOW ARROWS INDICATE A FALLING WEDGE NEUTRAL BULLISH THE PURPLE INDICATE AN INVERSE HEAD AND SHOULDERS REVERSAL BULLISH BUT ALSO A QUICK BEAR MOVE BEFORE GETTING A REVERSAL CANDLE THE WHITE ARROWS INDICATE TRIANGLE BOTTOM BULLISH ONLY
GOT A CONSOLIDATION BOX WAITING FOR BREAKOUT. TO TEST OUR FIB
WAIT FOR A CONFIRMATION BEARISH AND SHORT BUT WE ARE LOOKING AT BOTH SIDE LONG ALSO
WAITING TO GO LONG AT 11819 CONFIRMATION SO KEEP A WATCH . BUT WE GOT A STRONG RESISTANCE MIGHT BE A REVERSAL. PATIENT IS A VIRTUE IN TRADING
LTCUSD DAILY SHORT 1ST TAKE PROFIT 56.58 ( 31 PIPS) 2nd take profit @53.93 (61 pips) Stop loss @64.43 (36 pips)
BEARISH HARMONIC ADVANCE PATTERN SPOTTED AM NEUTRAL ON THIS
We Got a bearish divergence. Equilibrium at 11.351 with a good risk reward ratio and risk management first take profit @10506.52 (80 pips Second take profit at 10192.07 (111 pips) Stop loss 12160.27 (80pips) Always go for first take profit and remember risk management is key!