After the breaking down the uptrend line with high volume, price formed a flag pattern which can easly be spotted in 30m chart. So it is expected to fall to 1698.092 level tecnicaly after the finish of forming flag. Btw in the 4h chart macd, rsi, wave trend, fisher and stoch indicators are still in Selling signal.
But i hope i am wrong about that pattern or market doesn't respect to that pattern bc i am in reverse. I have a long position in 1745$ ://
Disclaimer: I am just expressing my opinion, i don't accept any responsibility about the trade u will do using this idea. Use your ideas and analysis allways while you trade.
But i hope i am wrong about that pattern or market doesn't respect to that pattern bc i am in reverse. I have a long position in 1745$ ://
Disclaimer: I am just expressing my opinion, i don't accept any responsibility about the trade u will do using this idea. Use your ideas and analysis allways while you trade.
Order cancelled:
Bearish flag rejected by market. Price is still bullish...
Trade closed: target reached:
With the good pmi and non farm payroll datas, prediction realized.