Price advanced trough the bearish ABCD detected in H4 chart. I get the same on H1 chart, but another bearish ABCD pattern emerges and suggest a brief lift in the price, but the downtrend remain a little bit more.
The bullish divergences (STO 13,3,5) on D1 and H4 charts warning the end of the downtrend… Although, there is no bar reversal pattern yet.
I remain the short trade active, moving SL to 116.96 just in case… if the bearish ABCD pattern is confirm on H1 chart, it could give another short trade opportunity.
Note: blue lines correspond to H4 chart analysis (bearish ABCD pattern)
The bullish divergences (STO 13,3,5) on D1 and H4 charts warning the end of the downtrend… Although, there is no bar reversal pattern yet.
I remain the short trade active, moving SL to 116.96 just in case… if the bearish ABCD pattern is confirm on H1 chart, it could give another short trade opportunity.
Note: blue lines correspond to H4 chart analysis (bearish ABCD pattern)
