Today this pair reached my long awaited level. You can see my detailed analysis here:
Looking a monthly chart we can see a perfect AB=CD pattern and the 1.61 fib extension:
On W1 chart we see another AB=CD pattern and a perfect channel acting as resistance:
Here on D1 chart a perfect bearish crab is already triggered.
Everything is perfect BUT the market is very volatile today, it would be risky to open a trade in such conditions.
It depends on you, just wanted to note this.
One lesson for me, i was trying to short this pair TOO EARLY and had some succesful and failed entries.
Regards
Looking a monthly chart we can see a perfect AB=CD pattern and the 1.61 fib extension:
On W1 chart we see another AB=CD pattern and a perfect channel acting as resistance:
Here on D1 chart a perfect bearish crab is already triggered.
Everything is perfect BUT the market is very volatile today, it would be risky to open a trade in such conditions.
It depends on you, just wanted to note this.
One lesson for me, i was trying to short this pair TOO EARLY and had some succesful and failed entries.
Regards