Good afternoon gents,
Price has created a high probability Bearish Structure to sell off from. Looking to target the Day's Low, but I've got targets that extend beyond that point....
Let's see how it pans out. It's Monday & it's US Bank Holiday after all, I'd imagine a slower market.
Nonetheless, it's pristine.
Possible signature buy trade.Price broke through the wedge to go to the previous weekly low and did a wick fill and was rejected.Anticipating a reversal.W pattern formation on H4,H1 and signature W formation on 30min
Price is now in a consolidation box after forming a wedge likely looking to trap traders.Price will likely break out of the wedge to the upside to trap bullish traders then drop.I will be looking for an entry at 1.31802 with a tight stoploss aiming for 1.31046 as my take profit
