Dive in the deep

30 Haz 2020

After a long rising in a five wave structure and run into the wall of 0.7070(as I was expected this in the related idea) it seems the price should fall into the deep by a corrective wave.
Not to mention that the rising trendline is about to break down. So I'm waiting for the breakdown and an accelerating decline.

There are two strategies, before the break(aggressive style) and after the break(conservative style). At the moment I can say that the price must not go above 0.7070 adding it that there is not to much space for further rising.

Important
Always use stop order, cutting losses, this is one of the essential elements of your risk management and if you would like to be an independent investor then you must be the master of risk management.

Disclaimer
Reserved the right to make changes the content on this analysis at any time without notice and is provided for the sole purpose of assisting traders to make independent investment decisions.