My early idea of head & shoulders did not work out. But at the moment I see Elliott wave impulse pattern down is fully complete (wave (V)). And correction pattern have started. Now market is going to complete wave ii. If this wave wont break down support zone and I will find reversal PA signals long trade will be taken.
My trade plan (2 trades):
1. Im looking to enter as low as possible with PA. Targeting Resistance zone 1
2. Longer term trade with same entrance as trade 1, but with target at Resistance zone 2
If market will break down support zone no further trades will be taken.
! RISK DISCLAIMER !
All information I provide is my own trading Ideas. It is not any kind of recommendation to make trading decisions. And it is not recommendation to use any details about trade such as stop loss or take profit levels. Trading on financial markets is very volatile and risky, thas why it is posible to loose all of your capital in very short period of time.
My trade plan (2 trades):
1. Im looking to enter as low as possible with PA. Targeting Resistance zone 1
2. Longer term trade with same entrance as trade 1, but with target at Resistance zone 2
If market will break down support zone no further trades will be taken.
! RISK DISCLAIMER !
All information I provide is my own trading Ideas. It is not any kind of recommendation to make trading decisions. And it is not recommendation to use any details about trade such as stop loss or take profit levels. Trading on financial markets is very volatile and risky, thas why it is posible to loose all of your capital in very short period of time.
