From the chart you can see that price is approaching a high value area where we can look for shorts - Parallel channel resistance and Ascending wedge resistance.
On the smaller timeframe, wait for the ABC impulse to breakdown before entering for a safe entry. See chart below for more information.
Goodluck and trade safe!
On the smaller timeframe, wait for the ABC impulse to breakdown before entering for a safe entry. See chart below for more information.
Goodluck and trade safe!
Note
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Want more chart ups like this? Click the links below:
Free Telegram: t.me/Wicktator
Forex VIP: t.me/WicktatatorVIP_bot
Free Telegram: t.me/Wicktator
Forex VIP: t.me/WicktatatorVIP_bot
Related publications
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.