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Weekly M Pattern where we see the market will retrace back to the neckline or the wick of the down candle. Its also an ICI to the downside where it can retrace back to the 0.382 since its within the range of the wick of the candle.
We also have a formation of an ICI (Impulse Correction Impulse) on the daily, though through the move to the downside it created a green candle where it acts as a structure that the market can respect before the continuation to the downside, it is also around the weekly range (as seen in the yelllow range).
Trade Signal: 2 possible POI
SELL #1
Entry: 0.92311
Take Profit: 0.91077
Stop Loss: 0.92715
SELL #2
Entry: 0.92454
Take Profit: 0.91080
Stop Loss: 0.92806
Good luck!
All Strategies Are Good; If Managed Properly!
~FX_SHIFTER
Weekly M Pattern where we see the market will retrace back to the neckline or the wick of the down candle. Its also an ICI to the downside where it can retrace back to the 0.382 since its within the range of the wick of the candle.
We also have a formation of an ICI (Impulse Correction Impulse) on the daily, though through the move to the downside it created a green candle where it acts as a structure that the market can respect before the continuation to the downside, it is also around the weekly range (as seen in the yelllow range).
Trade Signal: 2 possible POI
SELL #1
Entry: 0.92311
Take Profit: 0.91077
Stop Loss: 0.92715
SELL #2
Entry: 0.92454
Take Profit: 0.91080
Stop Loss: 0.92806
Good luck!
All Strategies Are Good; If Managed Properly!
~FX_SHIFTER
Order cancelled:
The market is bearish all the time, so we can close the trade and remove it from our watchlist