*Disclaimer
todays FOMC can ruin everything
1. Overall bearish trend;
2. Possible price reversal zone either near previous channel support or at flag resistance (where there is also a bearish WW formation);
3. WolfeWave (green arrow) votes for the double top on a channel resistance;
4. Bullish flag votes for the double top on a channel resistance;
5. Double bottom with 0.764 retracement votes for double top on a channel resistance.
Summing up
It can be a nice long until, but it has decent chances of reversal in the PRZ; will take it into consideration.
My trigger is Wolfewave that has nice winning percentage on that currency if it rebounds from the 5th point.
todays FOMC can ruin everything
1. Overall bearish trend;
2. Possible price reversal zone either near previous channel support or at flag resistance (where there is also a bearish WW formation);
3. WolfeWave (green arrow) votes for the double top on a channel resistance;
4. Bullish flag votes for the double top on a channel resistance;
5. Double bottom with 0.764 retracement votes for double top on a channel resistance.
Summing up
It can be a nice long until, but it has decent chances of reversal in the PRZ; will take it into consideration.
My trigger is Wolfewave that has nice winning percentage on that currency if it rebounds from the 5th point.
Trade closed: stop reached