Have published sell trade on this pair already which is attached with this idea. However, wanted to make detailed price action explanation on this trade. Look how price behavior can be interpreted & anticipated ahead of times. Enough one have enough knowledge & practice then we can predict the price movement for certain degree. Now I know many wont subscribe to price prediction ideas, but for me it is possible.
This trade may fail or succeed but this makes a great study material & that too live example.
=)
Sell Reasons~
1] Completion of 5th wave & subsequent formation of A-B wave now anticipating completion of wave C
2] Trend Line break & retest
Buy Reasons ~
1] Completion of ABC wave of 5th wave
2] AB=CD
3] Bat pattern
4] 1.5100 BRN
This trade may fail or succeed but this makes a great study material & that too live example.
=)
Sell Reasons~
1] Completion of 5th wave & subsequent formation of A-B wave now anticipating completion of wave C
2] Trend Line break & retest
Buy Reasons ~
1] Completion of ABC wave of 5th wave
2] AB=CD
3] Bat pattern
4] 1.5100 BRN
