Awaiting the correctional phase before taking the trade to the upside. We should find the candle coming back towards the previous structure before making its way back to the bullish rally.
Trade looking about 5R.
Wait for clear entry signals. Happy Trading
Going to Keep an eye on this one as I am already 4k pips in profit on this trade. I expect to see it climb to previous highs before dropping and retracing back to lower untested key levels.
We can see the reversal from the upward channel happening but the market has also started to range so depending and where the breakout hits could be a continuation of the upside or a complete trend reversal.
Happy Trading folks
Testing out a different strategy. Keeping an eye on this over the next day or so to see if my understanding needs a tweak.
Continued Downtrend w/ Multiple instances of correction wedges indicating the continuation of trend. News in the coming days could affect how this plays out