EUIRJPY Short trade Idea
EJ has given us a great bullish run in the past week. Wave 5 has been complete but in this 5 wave motive move,
wave 5 is an extended wave. We also have the formation of a head and shoulders pattern at the peak of wave 5
within an ascending channel. I will wait for a break and retest for entry confirmation. This is a counter-momentum
trade and will therefore require some caution.
If you enjoy this setup please do drop a comment and a like, I would highly appreciate it.
#FOLLOW4FOLLOW
wave 5 is an extended wave. We also have the formation of a head and shoulders pattern at the peak of wave 5
within an ascending channel. I will wait for a break and retest for entry confirmation. This is a counter-momentum
trade and will therefore require some caution.
If you enjoy this setup please do drop a comment and a like, I would highly appreciate it.
#FOLLOW4FOLLOW
Note
Trade wasn't triggered, no break or retest of the trendline.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.