Short idea
A nice leading diagonal is being corrected.
Obvious channel/ whipsaw on h1 - highly likely will be broken down.
If it happens, the whipsaw is likely to be the wave X of a larger correction, that may take the form of a WXY as shown on the chart.
Target is also highlighted on the chart, where the buy stops were activated and that level represent a juicy stop-loss hunting %)))
Seriously, that is the logical end of the journey for the 1-2 setup.
Trade safe
Obvious channel/ whipsaw on h1 - highly likely will be broken down.
If it happens, the whipsaw is likely to be the wave X of a larger correction, that may take the form of a WXY as shown on the chart.
Target is also highlighted on the chart, where the buy stops were activated and that level represent a juicy stop-loss hunting %)))
Seriously, that is the logical end of the journey for the 1-2 setup.
Trade safe
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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.