we see a corrective pattern that started from the lows. we believe that this pair is in a range that could drop anytime before resuming the much awaited upmove.
Trade with care use a stop loss.
based on the corrective structure which began 2021, we have been in a corrective phase, which will eventually reverse for a down move.
Waves show us the third move but never the timing.
Trade with care use a stop loss.
Based on this SMC, we see price pulling back to the POI/OB, attracting retail traders into the upmove.
Take profit on the last bullish OB.
Trade with care use a stop loss.
We see a bullish corrective structure that's a sign of more buying to come.
We see this sideways move as an indication of a new trend to begin.
Trade with care use a stop loss.
This a 50/50 chance that its a zigzag abc, then price will resume its upmove.
We dont like the risk to reward in this. 4:10
Trade with care use a stop loss.
Signs of more selling before any reversal can be noted through this bearish corrective pattern.
Correction could extend more but the eventuality will be the break of the low of the correction.
Trade with care use a stop loss.
Looks like a bearish pattern, but it needs more confirmation based on what price will do.
Some these setups, its wise to wait the price out as market could change direction fast at those major lows.
High risk entry.
Trade with care use a stop loss.
We see this reversal bearish corrective pattern but it can be changed to a trend continuation pattern.
Very volatile pair
Trade with care use a stop loss.