Hi fellows. this pair is in corrective wave and this corrective wave forming a flag patterns which is about to complete near the trend line. in case price break down the flag before hit the channel line then i will look for the break if break comes with sharp candles then i will look for sell on break.
Komen
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Watching price action under trend line if price break up the i will look for change in pattern and structure.
Komen
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Price is getting rejection from trend line if price retest trend line again look for short.
Komen
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Komen
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Triangle formation is possible fellows.
Komen
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Komen
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Komen
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Komen
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Komen
andrecomputero
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hello Wave-Trader, any update ?
Kind Regards
sundark
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Great Analysis. I see that the Stochastic RSI at 71 is flat and expected to slope down. The Aroon Indicator is showing that Uptrend is exhausted and downtrend is likely to start. I have drawn a up trend line for the last 3 days candle. If it breaks that trendline, I will go short.
Kind Regards