Hey guys,
you can see my previous analysis on the attachment below. However, my intention with this pair is to short it, because price has reached the D completion point of a Daily Bat Pattern along with structure looking left and an oversold condition on the daily as well. I've already entered my short position and taken the first partial profit. So now i'm waiting to see a further continuation to the downside.
In any case, if you're not involved yet in this trading setup there's now another chance to take the short side according to the 2618 strategy, that consists on selling the 618 retracement of a broken double top. First target would go at the test of the lows, second target possibly with the first target of the big Bat pattern.
If you wan to share your view or simply ask questions, feel free to comment below.
Otherwise, see you in the next chart!
you can see my previous analysis on the attachment below. However, my intention with this pair is to short it, because price has reached the D completion point of a Daily Bat Pattern along with structure looking left and an oversold condition on the daily as well. I've already entered my short position and taken the first partial profit. So now i'm waiting to see a further continuation to the downside.
In any case, if you're not involved yet in this trading setup there's now another chance to take the short side according to the 2618 strategy, that consists on selling the 618 retracement of a broken double top. First target would go at the test of the lows, second target possibly with the first target of the big Bat pattern.
If you wan to share your view or simply ask questions, feel free to comment below.
Otherwise, see you in the next chart!
