Namaste
price movement downwards, if the pattern breaks then the price will move towards the support level
I hope you find a good entry.
Trading is nothing without Risk management - please trade responsibly.
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Show some love - it motivates me..!!
Namaste..!!
Disclaimer: Do your own research - above is an Idea
AUDCHF has been a structure level on the H1. If it breaks below this level then expect a retest followiing a short to the base level. If it also breaks out of the trendline then a retest should also give a long term short position.
Hello traders! We would like to thank the market for that buy opportunity from the bullish bat pattern, we’ve taken profits and look to see if we might have a possible short here. It is possible that we might see a wedge pattern here which if it is, a possible short might present itself here. This is an idea not a signal, posted for educational purposes. Trade...
targets in green. Trading is nothing without Risk management - please trade responsibly.
Like, Follow and Comment for more.
Show some love - it motivates me..!!
Namaste..!!
Disclaimer: Do your own research - above is an Idea
Probabilities favor a down move:
1) Regime filter: Strong downtrend.
2) Broken support turned resistance
- resistance respected by a bounce downwards when tested
3) High reward to risk ratio
- a meaningful stop loss placed at the psychological level of 0.64
Trade type:
1) Long term trend following: 2 weeks to 3 months time frame.
- pyramiding down as trend...
