Price is retracing in a corrective structure to test the broken trendline and the lower parallel of an upslopr median line. At that level we may place a buy limit order aiming at the lower quartile of the potchfork where we meet a short term downtrend.
Like and follow for updates..! Feel free to comment and share your thoughts :)
Like and follow for updates..! Feel free to comment and share your thoughts :)
Komen:
This setup is no more valid. We lost it for a few pips but it's absolutely ok. We will keep our eyes open for other setups