I am expecting breakdown of this corrective trend continuation flag sell on clear breakdown of this flag. In case flag do not breakdown then i will look for sell near trend line . If price break above the bearish trend line then idea will be invalidated.
If not in look for sell if price retest flag broken area.
So far price moving nicely. If price changes its pattern formation and forms any other pattern then i will not look for that particular pattern. If price start correction again and forms again trend continuation pattern like flag then i will look for sell again but i will look for sell near trend line only. Here is the update.
Price still in structure. I am expecting bearish wave. setup still intact.
Expecting bearish wave continuation.
structure changed Little bit but still in force.
For Training Course Visit: http://www.techtradingacademy.com Youtube: https://youtu.be/nZSYWsVeLkM Twitter: https://twitter.com/Wave__Trader Facebook: https://www.facebook.com/forexsignal.hunter/about?section=work https://www.instagram.com/wave__trader/?hl
no my friend this is not similar there is nor clear impulse on based we can look for trend continuation if it breaks up then highly like we may see price will fall back to your entry point because the whole structure is corrective and there is no clear direction also you are looking to against the trend which is highly risky
Yes mate it is possible but if you have sharp impulse on your left side then it is less possible and it can breaks down at any time mate so pay attention on impulse as well mate. Thanks for your feedback mate.
thank you for your great insights and resourceful explanations. About your last comment what do you mean by price still in structure? It clearly broke the longest trendline (down slope) Im a bit confused..
Great analysis! I too have been short this pair since 9725 for a swing trade. I hope to be out of it when oil tops out. Coupling fundamentals and technical on this trade plan. One day I'll learn wave analysis, keep up the great work.