We have a long term short set up that has formed. Confirmed by harmonics and structure. Structure meaning the market is forming a triangle correction; within correction we have a cypher harmonic pattern that formed; also if you zoom in to 1hr TF you will see a channel has formed at the completion of D minor wave.
Entry: Wait for break of channel; look for impulse, correction, and sell the next impulse.
Can either take a short term position of 50-100 pips or long term of approx. 500 pips. Up to you. Happy trading!
Entry: Wait for break of channel; look for impulse, correction, and sell the next impulse.
Can either take a short term position of 50-100 pips or long term of approx. 500 pips. Up to you. Happy trading!