THIS PAIR IS SHOWING STRONG DIVERGENCE BUT I'M CHOOSING TO IGNORE IT FOR NOW AND FOCUS ON THE STRUCTURE. ELLIOTT WAVE ANALYSIS PUT ME IN EXPECTATION OF ANOTHER MOVE UPWARD. MY PRIMARY FOCUS IS THE BROWN CHANNEL OF WHICH I'M AWAITING A CONFIRMATION OF A MOVE TO TOUCH MY LOWER CHANNEL AND POSSIBLE A CANDLE THAT WICK CLIMAX AT MY LOWER BROWN CHANNEL AND CLOSE ABOVE...
If you did not catch the trade from the completion of the pattern, the market is painting a beautiful head and shoulder that can provide a nice entry risk/reward. As usual, you would need to wait a bit for candle to confirm a further mover upwards. stop loss can be placed below at the D leg of the pattern but, i would rather place my stop just above the D leg at...
This is a very Short LONG position, The key is in the PRZ, and not being greedy. observe the price action in the PRZ and enter the trade according to it. Trade Carefully and Be a winner