Yesterday's impulsive move to the upside could have come to and end right quick as of today (unless it is going to expand to the 0.27 in what is called an irregular expanding flat), and correction seems to be over. We have taken short positions at the top ("C" point, regular flat), with a flexible stop loss. Potential of this trade is huge. If you expand and explore the chart in the weekly and daily timeframes, you will have an idea of where potential targets we are aiming at are.
From now on, we will be looking for new short opportunities to add positions on the existing ones.
If you aren't in the trade from the top, wait for this impulse to complete itself, for a small flag/correction to complete itself, and sell the break of said correction.
Trade with discipline, and only with a previously tested strategy that works for your trading style and risk appetite.
Please don’t forget to follow us, if you feel that our analyses and views may be a useful complement to your trading strategies.
Thank you for viewing.
From now on, we will be looking for new short opportunities to add positions on the existing ones.
If you aren't in the trade from the top, wait for this impulse to complete itself, for a small flag/correction to complete itself, and sell the break of said correction.
Trade with discipline, and only with a previously tested strategy that works for your trading style and risk appetite.
Please don’t forget to follow us, if you feel that our analyses and views may be a useful complement to your trading strategies.
Thank you for viewing.
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