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According to EW ,
brokes the bullish channel,
emas seems to be crossing
rsi broke an important support which became resistance
bullish trend should have stop here based on this elements
we can begin to short here because there is a nice
confluence of resistance based on emas + trendline
after fluctuating at 1.35 lvl rejecting 1.36/7 two times. There was a strong bearish impulse which surely trapped a lot of buyers and they gonna have to cut their losses.
target is based on bullish bat
1.12 lvl of support
It is likely to form this bearish bat or even goes higher
But before entering any trade, I will personally wait for the price to gap up this sunday night (london timezone) in order to confirm my plan or if there is no gap, will wait for price to break the first level of resistance becoming support in lower TF (chart just below)
In this idea, we will analyse the method of hedging together
hedge permit you to have the possibility to not
lose when you aren't sure about the trend
ideally this method is to be used when price
fluctuate within a range.
This method have high risk so it's better to don't
use it majority of the time but exceptionnally
it can be rewarding
Hi guys! unfortunately , i cannot have posted this one yesterday like i wanted to do because I was banned by the gestapo.. aahh by the way , with luck i took an hedge yesterday on the red circle (took a long and a short position to let the market decide) and so that worked, I don't recommend to do this but exceptionnaly it can work and let you without headache or...