I'm already short from the top with a high risk entry from the test of the upper trendline. I'm looking for another entry which would be a break of this downward pink flag. This would confirm the down move is impulsive and likely to continue to re-test the lower tendline where further analysis will be necessary.
Comment:
Trade active:
The last down move broke the larger pink flag. Looking for the next down move to add to the trade. www.tradingview.com/chart/ywbSVVOf/
Comment:
Sorry still learning how to use tradingview, hopefully this will show the previous link
Trade active:
2nd green line broken, added to trade. Two perfect sell setups, and now we've got our down impulse as predicted 5 days ago. Hope you got in too.
Comment:
If you took these two sells you should be well over 500 pips in combined profit now. Fortunately the lower trendline has also broken so I'm keeping my trades open with all stops moved to 4675.