Tendency: Downtrend ( )
Structure: | Retracements
Observation: i. Retracement of Impulse Leg culminates at with a structure similar to a after a run on Friday.
ii. The expectation of a move (AB = CD pattern) will be high after completion of retracement is confirmed.
Trading plan: SELL confirmation with a minimum potential profit of 250 pips.
Potential Duration: 4 to 10 days
NB: This speculation can be considered to make decisions on lower timeframes.
Watch this space for updates as price action is been monitored.
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