Hello traders, here we have a potential short with HUGE R:R
Couple of things going on here
As you all can see that i like to trade ab=cd patterns, first and foremost i would say that this might be one if the structure above doesn't break. Speaking of structure one can see that price that the structure is very strong in that area along with some fib confluence of the big move going down. The trendline seems to have broken indicating further move to the south. Also there appears to be some divergence in this pair on the oscilattor, Targeting the previous demand at the bottom
cheers
Couple of things going on here
As you all can see that i like to trade ab=cd patterns, first and foremost i would say that this might be one if the structure above doesn't break. Speaking of structure one can see that price that the structure is very strong in that area along with some fib confluence of the big move going down. The trendline seems to have broken indicating further move to the south. Also there appears to be some divergence in this pair on the oscilattor, Targeting the previous demand at the bottom
cheers
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