Hello traders.
As you can see, we have a breakout after ABC structure and it looks like a correction is in the making. I put an entry order above the top. If your exchange let you, it can be a good idea. There is a possibility for same size correction and one down as wave Z, but noo need to worry about it at this point. In order to see my multi-timeframe analysis please check the related idea.
If you think this is a valid forecast and good trade setup, please hit the like button.
I appreciate that if you leave a comment and let me know what do you think about this idea.
Trade with care...
As you can see, we have a breakout after ABC structure and it looks like a correction is in the making. I put an entry order above the top. If your exchange let you, it can be a good idea. There is a possibility for same size correction and one down as wave Z, but noo need to worry about it at this point. In order to see my multi-timeframe analysis please check the related idea.
If you think this is a valid forecast and good trade setup, please hit the like button.
I appreciate that if you leave a comment and let me know what do you think about this idea.
Trade with care...
Trade active
Comment:
I moved stop loss to 8100. Any price level below corrective structure is ok.
Comment:
It is making a correction and one more down move will stop out my trade.
I don't close it manually because my current risk became 0.3% of my account after I moved the stop loss. If you moved it as well, you need to make a decision about your trade. If you didn't, your trade can be safe.
I don't close it manually because my current risk became 0.3% of my account after I moved the stop loss. If you moved it as well, you need to make a decision about your trade. If you didn't, your trade can be safe.
