Upon viewing the 1h chart, perhaps this ABCD could permit a bounce. The green channel helps indicate a short term bottom of the range. My bias is still to the short side, but will take long scalps IF/WHEN I see fit. The orange support line looks like an appealing target, especially if we drop out of the green channel.
NOTE: CHART ANNOTATED
Above Green Line Long Bias
Below Green Line Short Bias
NOTE: CHART ANNOTATED
Above Green Line Long Bias
Below Green Line Short Bias
Comment:
Okay. ABCD held. We are now above my LONG SHORT Bias line. Buys trades only for me.
Comment:
Well, look at that! A cross below my LONG SHORT Bias line. Short trades only. Keep in mind that I recognize an inverse head and shoulders pattern forming on the hourly, and we could easily come back to Long bias. My hope is that price follows the sideways orange path. I apologize for the lower trendline fakeout.
Comment:
A buy above the line would have made some nice pips
Crazy gap with French election news. Trade carefully.
Crazy gap with French election news. Trade carefully.
