🔄 Update: Exactly as forecasted, the sell hit its target (390 pips) 😁👍
The second sell also as forecasted before is in the order, (in a lower time frame 1H I can see a small flag forming) but it still doesn't fulfill my requirements to take the sell.
So I have 3 ideas at this moment which depicted on the chart, based on likeliness.
1. A continuation of the sharp down move: To the 61.8% retracement which is happened to be 61.8% expansion area of the current bear move (check the first image below 👇)
2. A longer-term consolidation in the current range
3. A sharp impulse up
💬 Please let me know your perspective on this
Happy Trading & stay green! ✌️
➖➖➖➖➖➖➖➖➖➖➖➖➖
🔗 Check out the "Related ideas..." in the links below too
➖➖➖➖➖➖➖➖➖➖➖➖➖
📌 Kindly note that Forexian is not a signal provider. The published idea is ONLY our views and analysis of the market!
Forexian does not take any responsibility for your decisions and/or trades.
The second sell also as forecasted before is in the order, (in a lower time frame 1H I can see a small flag forming) but it still doesn't fulfill my requirements to take the sell.
So I have 3 ideas at this moment which depicted on the chart, based on likeliness.
1. A continuation of the sharp down move: To the 61.8% retracement which is happened to be 61.8% expansion area of the current bear move (check the first image below 👇)
2. A longer-term consolidation in the current range
3. A sharp impulse up
💬 Please let me know your perspective on this
Happy Trading & stay green! ✌️
➖➖➖➖➖➖➖➖➖➖➖➖➖
🔗 Check out the "Related ideas..." in the links below too
➖➖➖➖➖➖➖➖➖➖➖➖➖
📌 Kindly note that Forexian is not a signal provider. The published idea is ONLY our views and analysis of the market!
Forexian does not take any responsibility for your decisions and/or trades.
Note
Shown on the chart:Note
1H clearer view:Trade closed: target reached
Just hit the target after the 15 min halt
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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.
Related publications
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.