Price is breaking down after a period of consolidation, suggesting the start of a new bearish impulse.
This setup aligns with a 2-leg correction structure, where the second leg to the downside is expected to unfold.
📉 Trade Idea:
Looking for a short opportunity after a potential minor pullback.
Targeting the next support zone around 0.8700.
Structure: Bearish
Pattern: Impulse - Correction - Impulse (2-leg move)
This setup aligns with a 2-leg correction structure, where the second leg to the downside is expected to unfold.
📉 Trade Idea:
Looking for a short opportunity after a potential minor pullback.
Targeting the next support zone around 0.8700.
Structure: Bearish
Pattern: Impulse - Correction - Impulse (2-leg move)
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.