Daily chart shows a very strong bearish trend, also D extension hasnt achieved yet..
now looking at the H1 timeframe we have a greta setup here..
-ABCD FORMATION
- trendline rejection with a long wick
ENTRY: SHORT
-stops 20 pips above c retracement at 1.30737
-profit taking just 30-40 pips above the fib extension at 1.2687
Great risk/reward and strong trend! HAPPY TRADING! ENJOY! :D
now looking at the H1 timeframe we have a greta setup here..
-ABCD FORMATION
- trendline rejection with a long wick
ENTRY: SHORT
-stops 20 pips above c retracement at 1.30737
-profit taking just 30-40 pips above the fib extension at 1.2687
Great risk/reward and strong trend! HAPPY TRADING! ENJOY! :D
