It seems that the previous prediction was right and we are at the box I plotted in the last (linked) analysis
I will only consider a reversal if I see a candle closing bellow 1.27740$
also the whole Analysis will be invalidated in if we crosses the line plotted as red at 1.28150$
based on the fact that the Ending diagonal is "thrown over" if the reversal happens it will be fast and sharp
for bearish setup:
1- wait for the confirmation price(1.27740$) to break
2- wait for a pull back and then short
3- stop loss at 1.28150$
I will only consider a reversal if I see a candle closing bellow 1.27740$
also the whole Analysis will be invalidated in if we crosses the line plotted as red at 1.28150$
based on the fact that the Ending diagonal is "thrown over" if the reversal happens it will be fast and sharp
for bearish setup:
1- wait for the confirmation price(1.27740$) to break
2- wait for a pull back and then short
3- stop loss at 1.28150$
Trade closed manually
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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.
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.