Completed new five wave fractal up (5) and completed (A),
Break of trendline and 50 EMA on 4 h time frame,retest back 50 EMA and respected at the level of 38.2% with long wick decision candle...Textbook trade opportunity to go short for wave there wave downshar end fast wave (B)...
Check previous analyse on weekly time frame..
I am already Short for this pair and now I just add some more lots...
Break of trendline and 50 EMA on 4 h time frame,retest back 50 EMA and respected at the level of 38.2% with long wick decision candle...Textbook trade opportunity to go short for wave there wave downshar end fast wave (B)...
Check previous analyse on weekly time frame..
I am already Short for this pair and now I just add some more lots...
Trade active
Comment:
Rejected by 50EMA and 38.2%
Comment:
With very nice 1H marubozu candle
Comment:
As expected on the way to the target