Hi Team
This is a short and sweet technical chart analysis.
We are in a short consolidation phase (likely due to low market volume) at the end of an ABC correction for this pair, sitting just below regional pyschological resistance.
I expect a drop at least to the 1H ascending correction support, if not further.
This is a straightforward trade - clear invalidation level marked, and high probability TP.
The markets are moving with low volume at the moment, so I will only be posting ideas with merit. Likely will see more from me tomorrow.
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Good luck, Trade safe
DrBear
This is a short and sweet technical chart analysis.
We are in a short consolidation phase (likely due to low market volume) at the end of an ABC correction for this pair, sitting just below regional pyschological resistance.
I expect a drop at least to the 1H ascending correction support, if not further.
This is a straightforward trade - clear invalidation level marked, and high probability TP.
The markets are moving with low volume at the moment, so I will only be posting ideas with merit. Likely will see more from me tomorrow.
Like what I do? Please like, comment and subscribe!
Good luck, Trade safe
DrBear
Trade active
Trade active:
TP1 hit! SLBE. Wait for TP2.