Hello Traders,
We have Garthley almost formed on 4 hour chart...The trend is Bullish right now, however momentum stopped. Lets see if this level will be respected or trend line will brake. Pretty sure can go small long here if this resistance level brakes and than watch the price action at completion of Garthley. From that point we can move more up and get back down to the floor, lets see. Risk on what you can afford to lose and follow your strategy. If you don't have one - create one and back test it in demo. Market will always be here to take or reward you and nothing happens over night =)
We have Garthley almost formed on 4 hour chart...The trend is Bullish right now, however momentum stopped. Lets see if this level will be respected or trend line will brake. Pretty sure can go small long here if this resistance level brakes and than watch the price action at completion of Garthley. From that point we can move more up and get back down to the floor, lets see. Risk on what you can afford to lose and follow your strategy. If you don't have one - create one and back test it in demo. Market will always be here to take or reward you and nothing happens over night =)