1. BROKEN UPTREND (RED LINE) ON THE 4H CHART
2. DIVERGENCE (BLUE LINE)
3. OVERALL BEARISH LOOK
4. POSSIBLE 3RD LEG OF ELLIOTT WAVE
We are looking to enter at point C of the AB=CD move, also around the 505h percentile of the AB move.
Short to 0.725, also 100% of the AB leg
**Move sl to point C, as soon as we have a significant reaction from the yellow (sell zone)
2. DIVERGENCE (BLUE LINE)
3. OVERALL BEARISH LOOK
4. POSSIBLE 3RD LEG OF ELLIOTT WAVE
We are looking to enter at point C of the AB=CD move, also around the 505h percentile of the AB move.
Short to 0.725, also 100% of the AB leg
**Move sl to point C, as soon as we have a significant reaction from the yellow (sell zone)
Trade active:
A significant reaction is observed at the 50th % thus creating our point C.
ADJUST SL TO 0.73675, and then let the trade run
ADJUST SL TO 0.73675, and then let the trade run
Trade active:
POSSIBLE SCALE INTO THE SELL POSITION
1. BROKEN (SMALL) UPWARD CHANNEL (15MIN CHART)
2. OVERALL BEARISH LOOK
3. SELL CONTINUATION, OFF THE MAJOR ZONE 0.74000
4. RECENT NEWS RELEASE SHOWS POOR ECONOMIC GROWTH IN THE REGION
5. MID-DAILY RANGE
6. SCALING INTO THE BIGGER ABCD MOVE
1. BROKEN (SMALL) UPWARD CHANNEL (15MIN CHART)
2. OVERALL BEARISH LOOK
3. SELL CONTINUATION, OFF THE MAJOR ZONE 0.74000
4. RECENT NEWS RELEASE SHOWS POOR ECONOMIC GROWTH IN THE REGION
5. MID-DAILY RANGE
6. SCALING INTO THE BIGGER ABCD MOVE
Trade closed manually