So, the big boys have done it again, robbing from us peasants, creating a support then busting a fakout heading to the upside, snipers carry BIG risk, don't be fooled by this trade, almost got stopped but from experience I know there's always a little manipulation first before the real move.
Wave analysis Trade
Channels
Using multiple time frames to take this trade, However this could still hit stop loss as Hit rate on these trades aren't too great, but definitely worth it when it does go well.
Why do you buy in a bearish market when price needs to balance below? I understand there are imbalances above as well but price needs to balance below before rising up. Furthermore we have had break of bullish structure indicating a continuation to the downside.
FXNAZ
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@AK2715, Catching a falling knife to be honest, however I did manage to catch AUDUSD that way, identifying the last wave up, stay tuned you'll see my better trades
UnknownUnicorn4271694
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You can be part of the ‘big boys’ if you stop trading lower timeframes here’s my idea
FXNAZ
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@LionheartFX, I do not think Price will go down to that level. Although I agree the Trade was not a desirable one, however sometimes I like to dabble in those sniper attempts, You win some you lose some