Looking at the higher timeframes we may see that price with a sharp impulsive downmove has broken below a long term corrective structure and is now is retracing back to the broken level in a corrective mode once again. Most likely it will bounce from that level for another down move.
We should keep a closer eye for a breakout below the correction. This will signal a sell setup with profit target as shown at the chart.
Larget view of structure:
We should keep a closer eye for a breakout below the correction. This will signal a sell setup with profit target as shown at the chart.
Larget view of structure:
Bình luận:
Price broke below the corrective structure
Bình luận:
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attendee.gotowebinar.../3439576212319911426
attendee.gotowebinar.../3439576212319911426
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~ 17pips