H1 Price is building a bull flag, it's a risky trade as we have the bear divergence present but you can take the trade targeting the 100fib.
If the H1 buy scalp is to risky a trade for you, you may have to sit on your hands for a couple of days, the larger impulse is to the downside I'm just waiting for a setup for the short trade.
H4 My 2nd TP was hit in the wave Z up, Once this wave Z up is over I'm expecting a larger correction to the downside. H4 Larger Correction idea, Check it out to get the complete picture thanks.
D1 Idea is going as planed. Were at the stage where we should start to see the correction, checkout the idea for the complete picture thanks.
Good luck and trade safe!
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If the H1 buy scalp is to risky a trade for you, you may have to sit on your hands for a couple of days, the larger impulse is to the downside I'm just waiting for a setup for the short trade.
H4 My 2nd TP was hit in the wave Z up, Once this wave Z up is over I'm expecting a larger correction to the downside. H4 Larger Correction idea, Check it out to get the complete picture thanks.
D1 Idea is going as planed. Were at the stage where we should start to see the correction, checkout the idea for the complete picture thanks.
Good luck and trade safe!
If you like this idea hit the thumbs up to show your appreciation for this free analysis, You seen these counts and analysis here first!
Thank's to all the traders in advance that hit the thumbs for your support!
Trade closed: stop reached:
The bull flag failed and you should have taken a small hit or got BE if you were lucky enough, no surprise really as like I said in the description its a risky trade but on the brighter side we should get a sell setup soon. I'll put out a new idea once I see a nice setup.