4H trend is bearish and the daily correction is still in progress.
Trade with care, as we may see impulses to both sides as the long term structure resembles a triangle. If its the case, the price is in the D wave of the triangle. Blue lines are forecast pivot levels based on fib levels and some other calculations. They are not traditional support resistance lines. Trade will be taken only if price reaches the entry zone with medium-low momentum. If there is any sort of signs of continuation of the bearish trend, trade will be discarded.
Trade with care, as we may see impulses to both sides as the long term structure resembles a triangle. If its the case, the price is in the D wave of the triangle. Blue lines are forecast pivot levels based on fib levels and some other calculations. They are not traditional support resistance lines. Trade will be taken only if price reaches the entry zone with medium-low momentum. If there is any sort of signs of continuation of the bearish trend, trade will be discarded.
Trade attivo:
Just about touched the pivot level and right back as expected. SL to be aggressively trailed with the price. Break even at first opportunity.
