Hello have a potential short coming up on cadchf . Looking to short from the top of the descending channel where we also have a possible hormnic pattern completion.. Need to fulfill a number of things before a short can be considered which are mentioned on the charts below
If the price breaks the flat ABC and breaks the C leg of the harmonic pattern then the pattern will be invalid
This is the kind of formation we are expecting. If it doesn't fulfill all of our pre-requisites we shall not enter.
Also need to keep the bigger structure in mind.
Target is bottom of the channel which is also a 1.27 extension of the harmonic pattern.
Subscribe to get instant updates on the setup and no positions shall be places untill and unless all the requirements are fulfilled
Cheers
Subscribe to get instant updates on the setup and no positions shall be places untill and unless all the requirements are fulfilled
Cheers
Commento:
Wait for 1st impulse and correction before entry
Commento:
There you go guys. Breaking the channel, wait for correction in the form of a continuation pattern and short like theres no tomorrow. Will keep you posted when i enter
Trade attivo:
Commento:
Perfect setup guys