Quite an interesting setup. I identified a running flat, that is likely supporting the further downside for this pair.
A regular entry is with the sell stop order below the wave B. Although, a more risky entry is at current prices with the SL above the nearest high.
trade safe, mind your risks.
A regular entry is with the sell stop order below the wave B. Although, a more risky entry is at current prices with the SL above the nearest high.
trade safe, mind your risks.
Trade active
Adding
Note
78.6% is the last line of defense
Note
after a large ABC flat -> an impulsive move down - followed be a lower frame irregular flat, 3-35 structure. Note
As an option, also valid - a bearish triangle
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.
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.