Seems like this pair will offer a perfect short opportunity anytime now.
As depicted in the chart, we can see that price reached a critical resistance level after completing an AB=CD pattern from the low to the sideways correction start and end.
I'll post if I find a good entry opportunity with good risk/reward ratio asap.
If aggressive, you can short now under the low and target the horizontal red dashed line for taking partial profits, but I prefer to wait for a cleaner entry, fine tuning from the 4h and 1h charts.
Keep in mind that Gov. Poloz is speaking tomorrow, in 8hs from now, so the market might wait for that event to increase momentum and turn one directional.
Good luck!
Ivan.
Update:
Seems like the perfect short entry is near:

Taking a small position with a tight stop once time expires.
As depicted in the chart, we can see that price reached a critical resistance level after completing an AB=CD pattern from the low to the sideways correction start and end.
I'll post if I find a good entry opportunity with good risk/reward ratio asap.
If aggressive, you can short now under the low and target the horizontal red dashed line for taking partial profits, but I prefer to wait for a cleaner entry, fine tuning from the 4h and 1h charts.
Keep in mind that Gov. Poloz is speaking tomorrow, in 8hs from now, so the market might wait for that event to increase momentum and turn one directional.
Good luck!
Ivan.
Update:
Seems like the perfect short entry is near:
Taking a small position with a tight stop once time expires.
Public, timestamped track record. Free month of the desk: ivanlabrie.netlify.app
免責事項
これらの情報および投稿は、TradingViewが提供または承認する金融、投資、取引、またはその他の種類の助言もしくは推奨であることを意図したものではなく、またこれらに該当するものでもありません。詳細は利用規約をご覧ください。
Public, timestamped track record. Free month of the desk: ivanlabrie.netlify.app
免責事項
これらの情報および投稿は、TradingViewが提供または承認する金融、投資、取引、またはその他の種類の助言もしくは推奨であることを意図したものではなく、またこれらに該当するものでもありません。詳細は利用規約をご覧ください。
