Hello traders,
Usually, when price hit the bottom support band of the downtrend channel, we should think about the correction from the reflection point on the channel. That is possible for pair that run with 5 waves to drop down.
Another possibility is that trend will rush down by rejection from EMA to break the channel.
Lets see which way is more possible later.
Last idea on GBPUSD at least hit 2nd TP.
RISK LOWER THAN YOUR TOLERANCE:
Suggested Risk <5%
Your Real Entry Position Will Make Different RR for Your Trade.
GOOD LUCK!!!
LESS IS MORE!
Usually, when price hit the bottom support band of the downtrend channel, we should think about the correction from the reflection point on the channel. That is possible for pair that run with 5 waves to drop down.
Another possibility is that trend will rush down by rejection from EMA to break the channel.
Lets see which way is more possible later.
Last idea on GBPUSD at least hit 2nd TP.
RISK LOWER THAN YOUR TOLERANCE:
Suggested Risk <5%
Your Real Entry Position Will Make Different RR for Your Trade.
GOOD LUCK!!!
LESS IS MORE!
