TREND IS BEARISH HOWEVER ACCORDING TO PATTERN (FALLING WEDGE)
WE WILL BUY ON BREAK WITH SOLID BUY SIGNAL
ALWAYS TAKE RISK LESS THAN 3%
CLOSE PARTIAL PROFIT WHEN MARKET REACHES ITS 50% OF TARGET
WE HAVE REJECTION FROM RESISTANCE AREA
AN BEARISH ENGULF CANDLE
NOTE;-
ALWAYS TAKE RISK LESS THAN 3%
CLOSE PARTIAL PROFIT WHEN MARKET REACHES ITS 50% OF TARGET
A bullish reversal pattern formed by two diverging downward slants is a descending broadening wedge. ... In this pattern, the trend is bearish but sellers are attempting to retain control. The target price is given by the lowest point that results in the formation of the wedge
WE HAVE BEARISH TREND
BROKEN DAILY RESISTANCE (1.2700)
REJECTION CANDLES IN DAILY TIME FRAME
PRICE MAKING CORRECTION AND I WILL SHORT ON BREAK OF ASCENDING TREND LINE
NOTE ;- ALWAYS TAKE RISK LESS THAN 3%
CLOSE PARTIAL PROFIT WHEN MARKET REACHES ITS 50% OF TARGET
WE HAVE BEARISH TREND AND WE WILL SEE A SELL SIGNAL AT 61.8 FIB
DAILY TREND LINE IS NEAR TO THE MARKET
HORIZONTAL RESISTANCE INTERSECTING WITH TREND LINE
