Wajani Investments
Updated
AUDCHF 12/24/2024
Bears are currently in control as seen from the LH (0-2). If structure 2 is maintained (not broken to the upside) and respects the support to the left i.e support becomes resistance, then Option 1 stands.
However, if structure 2 is broken, we look for a reversal at point 1 for the Option 2 to hold. However, if structure 1 is broken (price moves above 1) the bearish move is nulled.
Remember, the market is patience and good risk management. Always create rules to avoid emotional trading.
Let me know your thoughts and this is for educational purposes ONLY.
Bears are currently in control as seen from the LH (0-2). If structure 2 is maintained (not broken to the upside) and respects the support to the left i.e support becomes resistance, then Option 1 stands.
However, if structure 2 is broken, we look for a reversal at point 1 for the Option 2 to hold. However, if structure 1 is broken (price moves above 1) the bearish move is nulled.
Remember, the market is patience and good risk management. Always create rules to avoid emotional trading.
Let me know your thoughts and this is for educational purposes ONLY.
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HL not LH first line correction
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