RE-ANALYSIS IN EURCAD - 2H CHART
Updated
Hi Traders,
I wanted to share this Re-Analysis of a past idea I published. If you want to check it out the past idea is linked to this one.
We are still analyzing the corrective structure. In a first beginning it looked like a converging flag and we expected a move up but it went out of structure and now we can identify perfectly that we are getting a corrective Flat.
Short term is a buy, it could either make a Running Flat or brake the top to become an Expanded Flat. Afterwards we will get a sharp impulse down.
If you want to buy wait for a corrective structure where the arrow and then buy breakout.
I am very interested in the downtrend move since it's the big trade.
Carlos
I wanted to share this Re-Analysis of a past idea I published. If you want to check it out the past idea is linked to this one.
We are still analyzing the corrective structure. In a first beginning it looked like a converging flag and we expected a move up but it went out of structure and now we can identify perfectly that we are getting a corrective Flat.
Short term is a buy, it could either make a Running Flat or brake the top to become an Expanded Flat. Afterwards we will get a sharp impulse down.
If you want to buy wait for a corrective structure where the arrow and then buy breakout.
I am very interested in the downtrend move since it's the big trade.
Carlos
Note
We already reached trend line from the last flag. Now time to see if it reverses or keeps going up to make the expanding flat. In case of a reversal we will look for a flag to sell downtrend
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