Daily has formed tweezer top candle suggesting market is setting up for a bearish move.
A good 6-8hrs candle bear flat flag has formed.
Price has also come from a impulsive leg and currently consolidating and the odds are its going to continue the impulsive move as part of pattern completion (1-2-3) i.e. Impulse- correction- impulse.
A good 6-8hrs candle bear flat flag has formed.
Price has also come from a impulsive leg and currently consolidating and the odds are its going to continue the impulsive move as part of pattern completion (1-2-3) i.e. Impulse- correction- impulse.
Trade active:
Price moving as forecasted and now moved to breakeven as the price has already crossed my 1% from the entry.
Next looking to manage this trade less aggressively and as it reached my key level area depending on the pattern that forms will be deciding to manage the trade aggressively
Next looking to manage this trade less aggressively and as it reached my key level area depending on the pattern that forms will be deciding to manage the trade aggressively