I expect price will respect this harmonic pattern on this pair.
We see:
- parallel channel
- reciprocal ABCD (purple)
- structure resistance
- bearish divergence on macd
- macd crossing moving averages
Lets see what happens.
We see:
- parallel channel
- reciprocal ABCD (purple)
- structure resistance
- bearish divergence on macd
- macd crossing moving averages
Lets see what happens.
Note
firt target hit, moving sl to beTrade closed: target reached
second target hit
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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.