Possible ending structure...
Stochastics currently overbought and pointing down so we might get another push down to oversold condition at a possible area of support.
If confirmed by momentum we might get a decent long out of it...
Look for lower TF setups somewhere in the 1.0950 region or wait for breakout of the structure, as per one's preference...
Stochastics currently overbought and pointing down so we might get another push down to oversold condition at a possible area of support.
If confirmed by momentum we might get a decent long out of it...
Look for lower TF setups somewhere in the 1.0950 region or wait for breakout of the structure, as per one's preference...
Comment:
Possible that we test the MA/channel trendline before going down (if we go down...):
Comment:
The move down started exactly from the expected level as per my last update.
We didin't get a new low today though and it's oversold again so it's possible that it reversed earlier..
I didn't get a chance to get in long so I'll wait for the next opportunity...
Channel breakout trade still possible for those who prefer this...:
We didin't get a new low today though and it's oversold again so it's possible that it reversed earlier..
I didn't get a chance to get in long so I'll wait for the next opportunity...
Channel breakout trade still possible for those who prefer this...:
Comment:
Buy order triggered at 1.0955 this morning, went in profit after the news but got stopped out after it reversed... I had a Gartley to short but didn't enter so I didn't get a good short entry at completion... Entered short at 1.0960 on a daily/weekly chart basis to complete a possible large bullish pattern...
1H update:
1H update:
Trade closed: stop reached