Looking like a nice ABC corrective structure moving up to R1 pivot.. sell looks attractive with nice risk to reward. Wait for break of the up trendline to confirm. Happy trading!
Comments
docholliday
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went above top before coming down.. I lucked out on this one -- had stop about 40 pip above and it came down before stopping me out. Went to get out for even but was out of town and no connection.. so now holding the short and we have broken the 4h uptrend. I am waiting for a 1hr correction/ consolidation to add on to sell targeting the daily up trend line below (green) -- then will move stops and may look to buy for one more move up.. we will see what happens.. happy trading!