Hi fellows, This pair forming the same pattern which we have seen previously. I am looking for short before the breakout. Watch price action before selling. You have the example on the previous pattern how price was holding the top and broken down the pattern with strong power. Watch the top again for short. In case price break up the bigger channel than i will look for change in pattern and possible change in trend. Good Luck fellows.
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if do not breakdown then one more up move
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Watch top for short again
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We have not seen TCP instead of that we have another impulse watch for continuation fellows.
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we have not got the breakout and pattern changed but we are still short on this https://pair.https://www.tradingview.com/x/XFNdP8h4/ here is the update.
@Cambista, thats good mate. We also have taken couple of good short trades on this pair already. Good Luck with your Long trade mate
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The declining gradient (from positive to neutral) of the sub consolidations indicate a continuous bearish view the market has on this pair. Reduces the chances of a of break up.