Hello have a potential short coming up on cadchf . Looking to short from the top of the descending channel where we also have a possible hormnic pattern completion.. Need to fulfill a number of things before a short can be considered which are mentioned on the charts below
If the price breaks the flat ABC and breaks the C leg of the harmonic pattern then the pattern will be invalid
This is the kind of formation we are expecting. If it doesn't fulfill all of our pre-requisites we shall not enter.
Also need to keep the bigger structure in mind.
Target is bottom of the channel which is also a 1.27 extension of the harmonic pattern.
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Cheers
Subscribe to get instant updates on the setup and no positions shall be places untill and unless all the requirements are fulfilled
Cheers
Comment:
Wait for 1st impulse and correction before entry
Comment:
There you go guys. Breaking the channel, wait for correction in the form of a continuation pattern and short like theres no tomorrow. Will keep you posted when i enter
Trade active:
Comment:
Perfect setup guys