Understanding structure is important if you are a technical trader. Structure and not ,lines or wicks . As I have shown in my webinar on Aussie pairs i am expecting this pair to go up but i will not buy until i get confirmation it will do so.
Trader with care . Like and comment .
Yorumlar
IvanLabrie
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Indeed, I want to short the next leg down if impulsive or sharp.
anilmangal
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yes, an impulse down and correction on lower degree will be a good sell
ski4ever
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Monitoring an entry buy order at 1.1180.
ricardasvilkas
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Very good, have same layout myself... It could be ABCDE or just ABC.. Will see
ajujohn
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True... should wait for the break out for a buy...
HEmmanuel
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Thanks Anil, tech wise this looks perfect opportunity to short but for me this is one trade that is purely fundamental. The price will break through the downward channel within the next 24 hours with first target being 1.1400 and second at 1.1500 but I could be wrong hence have kept a very tight stop.