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?
Sep 18th Weekly Indexes newsletter: http://bit.ly/2w2ODMH (FREE Access)
Want results like this? Join us: http://bit.ly/29x4bfM
Please keep in mind that I am not giving any trading signals or trade calls here. Only providing my own trade thoughts for your benefit and insight as to my trading technique and style. Please don't ask if you should or should not take the trade or ask for stop loss and take profit levels. Any SL or TP given on my trades are my own I have used for my trade and are not recommendations for you to use. If you are not sure, then you do not have a trading plan for yourself in place. I suggest you make one before you continue to do any trading!
THINK before you comment! It takes MUCH work and time to create these posts! So before you decide to criticize me for what I post, or how I choose to post, remember that I don't just throw a chart up with a few lines on it with a few arrows showing 2 possible directions and that's it. I can do those in 5 mins. My charts take MUCH effort and I put much detail into creating them for your benefit. I hope it helps but I also hope it's appreciated!
If you like my posts and find them helpful, please take a second to hit that LIKE button and follow me so I can know my post was helpful to you. As always, any CONSTRUCTIVE comments are welcome whether AGREE or DISAGREE.
If you desire to receive ALL my analysis on pairs I trade and cover as well as REAL-TIME trade signals, consider joining my private group and my members. You'll get REAL-TIME trade signals and analysis as the trade happens and discussions those trades live. Interested? Go to efxselect.com to subscribe and get these signals in REAL-TIME!
Website: http://www.efxselect.com to subscribe
Join my Skype chat room! It's FREE (requires registration): Skype ID: andrewefx
Documented Trade Log here: http://bit.ly/29AeqnC