Correction could be turning into an ABCDE pattern with another leg down to come as per the chart
News coming out right now...
A breakout above the channel and 91.7 level could mean the correction is complete and the 4hr uptrend is back in progress
Disclaimer: just ideas, no crystal ball, no financial advice, do you own research
News coming out right now...
A breakout above the channel and 91.7 level could mean the correction is complete and the 4hr uptrend is back in progress
Disclaimer: just ideas, no crystal ball, no financial advice, do you own research
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Move down looking good. Looks like another low-risk short entry here.
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The second entry has now been invalidated for a 16 pip loss
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This is why we must always have strict Risk Management in place, the goalposts often move, and "the market can remain irrational longer then you can remain solvent"...
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