This is my view about the possible and highly probable move on this pair that will follow in the near future.
I am expecting/my analysis is showing Alternative 2 but am prepared for the possibility that it will break out sooner and in this case will follow Alternative 1. In case of Alternative 2 I will look for a short term sell setup as price action will retest the yellow trend line and go for a 3rd impulse down
Please do not follow my entry suggestion blindly since I am always adapting it according to the actual price action. You have to have a well tested strategy with good money management for entering such a trade.
Have a nice day!
I am expecting/my analysis is showing Alternative 2 but am prepared for the possibility that it will break out sooner and in this case will follow Alternative 1. In case of Alternative 2 I will look for a short term sell setup as price action will retest the yellow trend line and go for a 3rd impulse down
Please do not follow my entry suggestion blindly since I am always adapting it according to the actual price action. You have to have a well tested strategy with good money management for entering such a trade.
Have a nice day!
Nota
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.