Hello traders!
This is a short sell idea on the 4H timeframe with an entry in the 1H, as far as I see we need to complete 5 waves impulsive sequence that will touch the lower boundaries of the descending channel.
Fibonacci cluster at A = 1.272 C and wave 1 (Minute Green) = wave 5.
Structure completion in the region of Primary 4 (purple) (a.k.a support)
This is a short sell idea on the 4H timeframe with an entry in the 1H, as far as I see we need to complete 5 waves impulsive sequence that will touch the lower boundaries of the descending channel.
Fibonacci cluster at A = 1.272 C and wave 1 (Minute Green) = wave 5.
Structure completion in the region of Primary 4 (purple) (a.k.a support)
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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.