Please never mind the trendline, i have my own way of drawing it. Please apply risk management live to trade the next day.
DONT RUSH THIS ONE. APPLY RISK MANAGEMENT.
On the 4hr eems like it has broken the trend line and created what i like to call the build up or small consolidation which often signals the continuation of the trend. but if you look at the daily chart seems like the neck is broken and went back to retest it the created the consolidation. so which is which? BUT i have sell bias. i will wait on the sidelines for now.
I USED ELLIOT WAVE.. ONE LAST DROP BEFORE WE SEE THE UPSIDE ?
Looks like the right shoulder is forming to complete the pattern. no need to be greedy on classic patterns. apply due deligence!!!!!!
Please be careful, there is head n shoulder pattern that looks forming, and harmonic pattern shows the same direction.
This pair promises to be a good trade should it happen in the coming months. i dont know will have to wait and see.
Decided to use elliot wave style. but i forsee upside before the drop. what do you see ?