Anyway, the way I see things and the way I trade, I take the whole into consideration and see what it going on in the entirety of the chart AS WELL as the price action of the moment to decide to take a trade. Case in point here. What has been happening is that prices have been trending up in a corrective wave inside a very narrow and vertical ExD trading channel. When this channel breaks, it should lead to a rapid fall coming back down.
In addition, if you look at the , you can see that there is now a completed "Crown of Thorns" pattern and when that pattern completes, it usually leads to a pretty strong reaction (a fall in this case).
Here is my from September 18th, 11 days ago. At that time, I had already said to watch for another swing back up to complete the "Crown of Thorns" pattern. At the time, we had just seen a strong move down and many so-called "experts" here were telling everyone to sell. I told my members NOT TO SELL because there should be another swing back up. Here's the chart and you can check the date on it to see I'm not lying:
And here's today's showing that swing up I predicted would happen and that the "Crown" is now complete. Now prices spiked higher than I expected it would and broke outside the MAJOR DT TL, but that can easily be a false break and if prices break back down and through it, a strong sign of a drop to come.
Believe me or believe the guys. Up to you. All I and my members know is that we're gonna be making large pips on this pair and add to our +5000 pips that we have already made this month! Did you?
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