Morning folks,
So, downside AB-CD action is started as we suggested. But, it is very slow and going heavy. Appearing of triangle shape here and early signs of bullish dynamic pressure on daily chart turns the balance slightly on the bullish side.
Still, we do not have yet any clear patterns that makes us sure. So, if you're conservative - it would be better to wait a bit. If you still want to buy inside the triangle - it would be better to place initial stop below OP target, just not to be washed out occasionally, if AB=CD will be completed. Because it doesn't break the bullish context but could give us "222' Buy instead.
So, downside AB-CD action is started as we suggested. But, it is very slow and going heavy. Appearing of triangle shape here and early signs of bullish dynamic pressure on daily chart turns the balance slightly on the bullish side.
Still, we do not have yet any clear patterns that makes us sure. So, if you're conservative - it would be better to wait a bit. If you still want to buy inside the triangle - it would be better to place initial stop below OP target, just not to be washed out occasionally, if AB=CD will be completed. Because it doesn't break the bullish context but could give us "222' Buy instead.
ForexPeaceArmy BTC analytics :
forexpeacearmy.com/r/author/11/sive-morten-blog
FX, GOLD:
forexpeacearmy.com/community/forums/sive-morten-currencies-and-gold-video-analysis.122/
forexpeacearmy.com/r/author/11/sive-morten-blog
FX, GOLD:
forexpeacearmy.com/community/forums/sive-morten-currencies-and-gold-video-analysis.122/
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.
ForexPeaceArmy BTC analytics :
forexpeacearmy.com/r/author/11/sive-morten-blog
FX, GOLD:
forexpeacearmy.com/community/forums/sive-morten-currencies-and-gold-video-analysis.122/
forexpeacearmy.com/r/author/11/sive-morten-blog
FX, GOLD:
forexpeacearmy.com/community/forums/sive-morten-currencies-and-gold-video-analysis.122/
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.