Hi everyone:
From my previous EU analysis, price formed a falling wedge, broke out but failed to continue higher.
However, now the price has evolve its structure into a descending channel, and hit a previous lows for a potential double bottom reversal.
Latest lower time frame has also good bullish reversal price action, smaller descending channel follow by bullish impulse up.
Be on the look out for further LTF continuation correction to reverse the price up and start the next bullish move.
Thank you
Note
Expect a bullish continuation correctionto develop here next week
to push up the price further
Note
Note
Just got tagged out for both positions for total of 7.9% profit.
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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.