Morning guys,
today we show the same scenario but at different scale - on daily chart. In recent 3-4 sessions market was standing quiet and
doesn't show any action that could harm our trading setup. So, we're still watching for completion our AB-CD target on 4H chart around 4085$
As you can see here, on daily chart - this should give us '222" Sell pattern and downside continuation.
Right now price action looks like flag or pennant consolidation which supports idea of upside continuation and completion of our AB-CD pattern.
Bearish tendency will be broken only if market will climb above recent tops and break even theoretical chances on butterfly pattern.
today we show the same scenario but at different scale - on daily chart. In recent 3-4 sessions market was standing quiet and
doesn't show any action that could harm our trading setup. So, we're still watching for completion our AB-CD target on 4H chart around 4085$
As you can see here, on daily chart - this should give us '222" Sell pattern and downside continuation.
Right now price action looks like flag or pennant consolidation which supports idea of upside continuation and completion of our AB-CD pattern.
Bearish tendency will be broken only if market will climb above recent tops and break even theoretical chances on butterfly pattern.
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.