Idea is on the chart.
Price has made a new high, I'm looking to buy the pullback as I believe we should at least test the bearish trendline. I'll be looking for a harmonic to complete at the yellow zones.
if we get that it could be the possible C completion point of a Bearish Deep Crab, I will set my take profits for the D Leg or the 1.618 extension of XA (Same spot).
Which aligns with the bearish trendline we have drawn, as well as a previous level of institutional sell offs
I'll use roughly a 10 pip stop. As usually I will play it by ear depending on where I enter at.
Price has made a new high, I'm looking to buy the pullback as I believe we should at least test the bearish trendline. I'll be looking for a harmonic to complete at the yellow zones.
if we get that it could be the possible C completion point of a Bearish Deep Crab, I will set my take profits for the D Leg or the 1.618 extension of XA (Same spot).
Which aligns with the bearish trendline we have drawn, as well as a previous level of institutional sell offs
I'll use roughly a 10 pip stop. As usually I will play it by ear depending on where I enter at.
Each week, I send an email breakdown of the best forex setups, watch zones, and market trends so you can trade with confidence.
Your next setup is waiting—Subscribe for access to my weekly outlooks.
Your next setup is waiting—Subscribe for access to my weekly outlooks.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Each week, I send an email breakdown of the best forex setups, watch zones, and market trends so you can trade with confidence.
Your next setup is waiting—Subscribe for access to my weekly outlooks.
Your next setup is waiting—Subscribe for access to my weekly outlooks.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.