There's a high probability that it is forming a corrective structure (possibly a simple ABC) for the next impulse up.
So, for now, there's a nice flag just above a temporary local trend line in 1H chart, you can take a short term buy there and watch it closely to take profit in time and then look for a longer-term sell to complete the C wave of structure.
⚠️ This idea is for the next week, today I don't think it goes anywhere.
Happy Trading & stay green! ✌️
➖➖➖➖➖➖➖➖➖➖➖➖➖
💬 Please let me know your view about the idea
🔗 Check out the "Related ideas..." in the links below too
➖➖➖➖➖➖➖➖➖➖➖➖➖
🔹 Drawings on the chart which are marked by ❓ are hypothetical of a possible forming structure.
🔹 Areas marked by ❗️ on the charts are possible turning points or possible decision areas which are recommended to take into consideration.
📌 Kindly note that Forexian is not a signal provider. The published idea is ONLY our views and analysis of the market!
Forexian does not take any responsibility for your decisions and/or trades.
So, for now, there's a nice flag just above a temporary local trend line in 1H chart, you can take a short term buy there and watch it closely to take profit in time and then look for a longer-term sell to complete the C wave of structure.
⚠️ This idea is for the next week, today I don't think it goes anywhere.
Happy Trading & stay green! ✌️
➖➖➖➖➖➖➖➖➖➖➖➖➖
💬 Please let me know your view about the idea
🔗 Check out the "Related ideas..." in the links below too
➖➖➖➖➖➖➖➖➖➖➖➖➖
🔹 Drawings on the chart which are marked by ❓ are hypothetical of a possible forming structure.
🔹 Areas marked by ❗️ on the charts are possible turning points or possible decision areas which are recommended to take into consideration.
📌 Kindly note that Forexian is not a signal provider. The published idea is ONLY our views and analysis of the market!
Forexian does not take any responsibility for your decisions and/or trades.
Trade closed: target reached:
Short term buy hit the target 👍
Trade active:
The longer-term Sell
Comment:
SL moved to +50 (143.80)
Trade closed: target reached:
