Good profit/loss ratio
1. Bearish 1.272*AB=CD pattern 2. Fibo retracement 61.8% level 3. Good profit/loss rate
Reasons: Specific bearish candlestick pattern bearish gartley pattern Convergent triangle hint at an imminent fall Good S/T ratio
Subjectively inclined to SHORT Trend will be announced in two weeks Be patient
Falling below the brown support level would be a confirmation signal. A reasonable profit and loss ratio.
The upward trendline is still working Bullish Head and Shoulders Bottom Pattern Reasonable profit and loss ratio
1.Stil under the pressure of bearish Gartly pattern 2.The down trendline performed pretty good 3.Reasonable profit and loss ratio
Trading strategy Left side_ Open postion right now, due to the high Risk to Reward ratio. Right side_Open position after the blue support line and uptrend channel are broken.
Focus on the result of Non-Farm
Notice the arrows in the picture and watch out the AB=CD bearish pattern.