Looking for a 1k pip drop on this one.
Price is making lower lows and lower highs, In order for this to qualify for a set up we need to see price climb up to the red region, and I want to see a failed attempt to break 1.8300-1.8400.
This will show me the bulls are practically dried up in respect to the time frame and we could be prepared to see a move down (wave 5)
The bearish region (red zone) was created by using price action rejections, and volume profile to show me where the smart money moved price down.
My take profit is a mix between a measured move of wave 2 to 3 projected off of this potential wave 4 completion. And the bullish bat pattern I have drawn in grey on the left, which we should be seeing some bullish activity upon it's completion.
Price is making lower lows and lower highs, In order for this to qualify for a set up we need to see price climb up to the red region, and I want to see a failed attempt to break 1.8300-1.8400.
This will show me the bulls are practically dried up in respect to the time frame and we could be prepared to see a move down (wave 5)
The bearish region (red zone) was created by using price action rejections, and volume profile to show me where the smart money moved price down.
My take profit is a mix between a measured move of wave 2 to 3 projected off of this potential wave 4 completion. And the bullish bat pattern I have drawn in grey on the left, which we should be seeing some bullish activity upon it's completion.
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إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.
🟠 Want some free Bitcoin?
The Gemini Orange card gives you up to 4% back in BTC on every purchase — plus a $200 Bitcoin bonus in your first 90 days. No annual fee, no FX fees.
👇 Don’t miss it — grab some free coin:
tinyurl.com/geminiorange
The Gemini Orange card gives you up to 4% back in BTC on every purchase — plus a $200 Bitcoin bonus in your first 90 days. No annual fee, no FX fees.
👇 Don’t miss it — grab some free coin:
tinyurl.com/geminiorange
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.