Another bearish swing is coming
After a sharp move the pair reached it's 50 % fibo from the prior wedge ,clustered with a strong support level 1.2950
The prior wedge's third wave was the shortest ,yet the price bounced from the exact ending diagonal target
The bulls reaction still weak , we can expect a time correction rather than price correction .
In both ways ,selling short after breaking 1.2950 targeting 1.2850
The prior wedge's third wave was the shortest ,yet the price bounced from the exact ending diagonal target
The bulls reaction still weak , we can expect a time correction rather than price correction .
In both ways ,selling short after breaking 1.2950 targeting 1.2850
Note
The time correction was expected but this is too long and too dangerous ,the market may move randomly ,hitting every logical stop order,(minimize contracts size and put your stops upper than usual )still heading down for me.Trade closed: target reached
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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.