Hi Team
This is a short and sweet technical chart analysis.
We are in a short consolidation phase (likely due to low market volume) at the end of an ABC correction for this pair, sitting just below regional pyschological resistance.
I expect a drop at least to the 1H ascending correction support, if not further.
This is a straightforward trade - clear invalidation level marked, and high probability TP.
The markets are moving with low volume at the moment, so I will only be posting ideas with merit. Likely will see more from me tomorrow.
Like what I do? Please like, comment and subscribe!
Good luck, Trade safe
DrBear
This is a short and sweet technical chart analysis.
We are in a short consolidation phase (likely due to low market volume) at the end of an ABC correction for this pair, sitting just below regional pyschological resistance.
I expect a drop at least to the 1H ascending correction support, if not further.
This is a straightforward trade - clear invalidation level marked, and high probability TP.
The markets are moving with low volume at the moment, so I will only be posting ideas with merit. Likely will see more from me tomorrow.
Like what I do? Please like, comment and subscribe!
Good luck, Trade safe
DrBear
Trade active
Trade active
TP1 hit! SLBE. Wait for TP2.
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.
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.