Hello traders.
We don't have any trade setup yet, but we can have one soon. I'm waiting for a correction to take a short trade. On the other hand, the structure between yellow lines can be a flag for more upside and the blue line is 0.786 retracement of down move, so it can be the target for upside. If it goes up one more time, I will wait for reversal impulse and correction to sell it. My medium-term target is the completion of this weekly regular flat:
If you think this is a valid forecast and good trade setup, please hit the like button and share.
I appreciate that if you leave a comment and let me know what do you think about this idea.
Trade with care...
We don't have any trade setup yet, but we can have one soon. I'm waiting for a correction to take a short trade. On the other hand, the structure between yellow lines can be a flag for more upside and the blue line is 0.786 retracement of down move, so it can be the target for upside. If it goes up one more time, I will wait for reversal impulse and correction to sell it. My medium-term target is the completion of this weekly regular flat:
If you think this is a valid forecast and good trade setup, please hit the like button and share.
I appreciate that if you leave a comment and let me know what do you think about this idea.
Trade with care...
