A channel within a channel.
Short-term bearish pressure to complete the 3-drives pattern, which ultimately suggests a long bullish setup. I'd only consider this setup if the trend continues to 198.000.
side note [The green trend line is as a support and the red as the resistance. Green = Look for buys and red means look for sells.]
198.000 I'll be looking for buying opportunities to the upside probably until we hit the red channel trendline. That should guarantee approx. 350pips.
You could take advantage of the current bearish move and rejoin when the bulls hit the ground running. Remember use your own trading plan and enjoy the ride . It can go either way but hopefully it respects PA and goes with this flow.
Short-term bearish pressure to complete the 3-drives pattern, which ultimately suggests a long bullish setup. I'd only consider this setup if the trend continues to 198.000.
side note [The green trend line is as a support and the red as the resistance. Green = Look for buys and red means look for sells.]
198.000 I'll be looking for buying opportunities to the upside probably until we hit the red channel trendline. That should guarantee approx. 350pips.
You could take advantage of the current bearish move and rejoin when the bulls hit the ground running. Remember use your own trading plan and enjoy the ride . It can go either way but hopefully it respects PA and goes with this flow.
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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.