Potential "ABC" pattern spotted on daily. Going for 1:1 minimum. Looking for a test of B's high. Not advice. Follow for more down the line. I trade larger timeframes (Weekly, Daily).
Comment:
Selling climax on the 4 hour forming?
Selling climax on the 4 hour forming?
Comment:
Closed trade prematurely around 0.64881. I wanted to clear up some space for my jpy shorts to be honest. However, I still like this trade long term and will update if I get a chance to re enter! On the 4 hour, I want to see what price looks like when it goes oversold since price is still near or in a support zone on the daily/weekly.
Closed trade prematurely around 0.64881. I wanted to clear up some space for my jpy shorts to be honest. However, I still like this trade long term and will update if I get a chance to re enter! On the 4 hour, I want to see what price looks like when it goes oversold since price is still near or in a support zone on the daily/weekly.
Quick Update. Looks like price tested slightly above 10% of the fib retracement so far. Price is now testing a support level. Still holding our trade and being patient. This could easily be accumulation. If price goes lower we will start looking for an additional entry if a setup is found. Keeping in mind the bigger picture here.