Hi, this is Monday. I sincerely hope everyone has had a lovely weekend. What you see on my chart is nothing but the simple ABCD pattern. That's is all i trade. So basically you can say that i am a Fibonacci trader. This pattern is spotted on the monthly timeframe and i found an entry on the daily. As i took this trade on mt4 i went further into the 1H and 4H timeframe to refine my entry, but i won't be including any of that in this analysis in order to keep things simple. That's it
A bearish ABCD pattern. Let's see how it goes.
Enjoy your day. Let's not forget to comeback to see how it all plays out. Keep this at the back of your mind.
Thank you for reading.
A bearish ABCD pattern. Let's see how it goes.
Enjoy your day. Let's not forget to comeback to see how it all plays out. Keep this at the back of your mind.
Thank you for reading.
Trade active:
Price has struggled a bit to break below the counter trendline. Now, we have seen that break and i expect to see price move lower to the downside