TradeWithTheLogic

TradeWithTheLogic

I hate to predict huge moves like this, but in this case that is the only thing that makes sense. The only thing which can prevent this powerful breakout in the near term is another descent to 150 level which will be the end of the accumulation phase. On the other hand a breakout above fib78.0 followed by a consolidation will be seen as an additional...

TradeWithTheLogic

It has all perfect reasons to make a sharp move down. From here I will look only for short entry setups on a smaller time frame and ignore any move up.

TradeWithTheLogic

A little flag on 1H can be used as an entry, Upside looks safe. In this kind of a little late entry I reduce my risk. The idea of the post is not to tell you to go long now but to show that usually quality setups are clear even before happening therefore FOMO shouldn't be an issue.

TradeWithTheLogic Updated 

Needs some more upside to complete this correction. I don't expect to be sharp and quick but it looks like decent setup after all. Best strategy is to enter with a pending order after break above the 1H flag and set to break even once it reaches the most recent 4H high. Stop loss should be bellow the most recent low.