I have been waiting for this setup for quite some time and posted this analysis a while ago. On the daily time frame we have a 5 wave corrective structure that broke to the downside. We then saw a smaller structure form below that and we are now seeing a break of the smaller structure. This indicates that the short break is valid. I am waiting for my entry trigger/setup and will enter this trade when my strategy triggers.
There are over 2000 pips in this trade if I am able to hold it all the way down but will be trading smaller time frames on the way down as well.
Contact me via direct message for any assistance required
Cheers
Linton
There are over 2000 pips in this trade if I am able to hold it all the way down but will be trading smaller time frames on the way down as well.
Contact me via direct message for any assistance required
Cheers
Linton
Comment:
Watching for a possible flag setup on the H1 time frame. A formation like this with a break down will confirm the short.
Comment:
Watching the smaller confirmation flag formation at the moment.