Now looking at this now course we have broken out from the structure but looking at the higher time frames we have pulled back to 50% fib now we could just start to push higher to the levels around 618% if we close below 50% then this could be interesting
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i wouldn't take any risk entries on this i would wait to see if we reject around this around first maybe this could push higher then fall back in but if this doesn't then we could be going long
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theres still a few options with this will break this down in a video very soon and show you we could be going long but adjusting patterns with the outer structure we can see other reasons to sell the better option would be price pulls back into the pattern this would confirm that its a sell the news played a roll with both moves
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now this is looking better patience pays when we wait :)
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this is moving lovely i hope you all got in theres a lot of room on this
Thankyou so much , requesting you to create a telegram channel will be awesome 😁
Forex_melroy
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Can I enter now
LucasMatthew
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@Forex_melroy, i will let you know when its coming back into the pattern this is what we want
Forex_melroy
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I lost little money which is fine should have holder for a bit lost just 20£ 😉 should I put it to sell
Forex_melroy
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Should I sell or buy this ??
LucasMatthew
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@Forex_melroy, i need to filter this on the lower time frames this is given you a direction bud still a chance we could test 618 % but we are back 50% of the move
LucasMatthew
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@Forex_melroy, no this needs to push lower i will jump on and explain this its how the pattern changed within the structure
LucasMatthew
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@Forex_melroy, this is why we wait bud before placing a trade
Forex_melroy
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@LucasMatthew, thanks I was just being impatient hehehe