There's alot going on here so I'm considering two possible short setups (already short this pair).
2 Scenario's:
1. Breakout of the possible bearish flag (in blue) down to the lower trendline
2. Short on completion of the possible bearish bat around that higher timeframe "down" trendline.
I'm already short with a small remaining position from another setup on this pair (see link below), scenario 1 would be nicely in line with that one and would mean I would be adding shorts, scenario 2 would mean my SL on the current open position would be hit at BE, but I could then possibly enter short again or shift my SL higher based on the bat completion scenario...
No possible trades on chart from this idea yet, I'm waiting for confirmation on scenario 1 before making up my gameplan!
Alerts on all trendlines so I don't miss a possible breakout...
2 Scenario's:
1. Breakout of the possible bearish flag (in blue) down to the lower trendline
2. Short on completion of the possible bearish bat around that higher timeframe "down" trendline.
I'm already short with a small remaining position from another setup on this pair (see link below), scenario 1 would be nicely in line with that one and would mean I would be adding shorts, scenario 2 would mean my SL on the current open position would be hit at BE, but I could then possibly enter short again or shift my SL higher based on the bat completion scenario...
No possible trades on chart from this idea yet, I'm waiting for confirmation on scenario 1 before making up my gameplan!
Alerts on all trendlines so I don't miss a possible breakout...
