Anticipating shift in trend downwards as price action demonstrates a strong momentum swing down. Additionally, all requirements for a valid K2 Trading Strategy entry are present providing additional confirmation for my idea.
@Gustavs8, Not sure what you mean by W pattern? Are you referring to a possible Elliot Wave set up?
Gustavs8
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@K2Trades, i mean w and M strategy and its forming the W
KodiKaiTrades
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@Gustavs8, Ah I see, not too familiar with that strategy but I looked it up and it looks somewhat similar to a double bottom / double top pattern. However, I personally don't think that will be the case due to the current heavy momentum with the EURxxx pairs coming down.