This pair is in ugly consolidation for two weeks with very low volatility. We know it: after a period of low volatility follows a period of STRONG volatility.
I have discarded the expanded flat scenario because of the choppy and overlapping price action.
Price is consuming time and that reminds me a triangle.
Thats what i'm considering seriously this alternate count: wxyxz correction with a triangle for X appears to be finishing.
We see price is at the E point of the triangle so its going to exploit very soon. Im opening short positions now because it could be too late tomorrow.
D1 chart count:

Regards
*****************DISCLAMER********************************************************************
This is just and idea, not a recommendation to buy or sell. Most of this setups are for backtesting.
Always do your own analysis before opening a trade.
Any respectful and constructive ideas are welcome (agree or disagree).
I have discarded the expanded flat scenario because of the choppy and overlapping price action.
Price is consuming time and that reminds me a triangle.
Thats what i'm considering seriously this alternate count: wxyxz correction with a triangle for X appears to be finishing.
We see price is at the E point of the triangle so its going to exploit very soon. Im opening short positions now because it could be too late tomorrow.
D1 chart count:
Regards
*****************DISCLAMER********************************************************************
This is just and idea, not a recommendation to buy or sell. Most of this setups are for backtesting.
Always do your own analysis before opening a trade.
Any respectful and constructive ideas are welcome (agree or disagree).
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.