In previous ideas, I tried to capture next bear impulse but all failed.
Looking at the chart in details, I decided to close all position of this pair because I cannot identify where price will go.
Price may develop to next impulse wave because previous wave is an ABC.
Price may also drop down a 3 wave to form regular pattern such as a flat.
So, I will wait for confirmation in next some days and join the market again when price touch bull confirmation line or bear confirmation line.
Looking at the chart in details, I decided to close all position of this pair because I cannot identify where price will go.
Price may develop to next impulse wave because previous wave is an ABC.
Price may also drop down a 3 wave to form regular pattern such as a flat.
So, I will wait for confirmation in next some days and join the market again when price touch bull confirmation line or bear confirmation line.
Note
Waiting for a bull because I saw a pattern of regular flat correction with structure of 3-3-5.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.