XA - is the impulsive bull wave from the low.
AB=CD - Correction is coming to an end. We are seeing a multimonth Flag Pattern.
I am expecting a fake breakout / bear trap to the downside, by breaking the flag to the downside, we are going to see a strong upmove in the coming days.
I entered a highly speculative long position @ 1.0275 with a tight stop @ 1.0249 risking 26 pips for a 1400pips target.
The length of XA is my anticipated target at the topside at around 1.1700.
AB=CD - Correction is coming to an end. We are seeing a multimonth Flag Pattern.
I am expecting a fake breakout / bear trap to the downside, by breaking the flag to the downside, we are going to see a strong upmove in the coming days.
I entered a highly speculative long position @ 1.0275 with a tight stop @ 1.0249 risking 26 pips for a 1400pips target.
The length of XA is my anticipated target at the topside at around 1.1700.
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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.