Falling like a Brick

The price formulated small expanding triangle pattern, where AB=CD. A breakout will further drop to the next support level.

Regards,
TheForexFarmers

İşlem aktif:

The trade hit the top of the parallel channel last night and almost hit our stop loss. However, the pair is currently touching the trendline. A break out will show a further in price.

Trade Safely!
TheForexFarmers

İşlem aktif:

We still holding our positions as the trade running in profit. It can be seen that the price is attempting to break the parallel channel. Upon success, the price will nicely dive to our TP.

Trade Safely!
TheForexFarmers
-John

Yorum:

The pair finally broke the parallel channel, heading further down. A retest could happen, this could be another entry.

Trade Safely!
TheForexFarmers
-Alex

Yorum:

We saw a big downslide during NY session, which played according to our analysis. We closed 75% of the trade and left 25% running in profit. The pair still didn't complete the AB=CD pattern, a further slide to the downside is on the card.

Trade Safely!
TheForexFarmers
-Alex

İşlem kapandı: hedefe ulaştı:

The trade hit TP, 149 pips profit.

Trade Safely!
TheForexFarmers
-Alex