In the current market structure the price makes a strong momentum drop from 1.14963 to the current price. We are forecasting if the price makes a Falling Wedge Pattern in the Double Bottom Level (1.07774) then it is a high probability trade we can take. Why? Because the market structure is a Big Descending Channel formed more than a year that indicates a potential reversal followed by another reversal pattern/s Falling Wedge or a Double Bottom Formation.
In this analysis we are just forecasting & playing the probabilities than can happen in the market. We are not predicting what will happen because if we approach the market this way we will trade subjectively. Our goal in trading is to trade objectively so our psychology will not be affected
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Keep safe in the market
Thank you!
In this analysis we are just forecasting & playing the probabilities than can happen in the market. We are not predicting what will happen because if we approach the market this way we will trade subjectively. Our goal in trading is to trade objectively so our psychology will not be affected
Like, share & follow to support my ideas
Keep safe in the market
Thank you!