Is the consolidation over for this pair? From my point of view looking from Harmonic perspective, we are ready to break up to complete the bearish Bat projected. After bearish Shark and bullish Bat that played out quite well, price failed to form a bearish Bat to stay in this long time consolidation zone and currently is aiming for a bearish Crab which will give us a nice break out to exit the consolidation and aim for long term bullish price action. And this idea is from Harmonic point of view only. Other factors can be added to support this idea, but this would be on the updates :) Good luck!
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Long term projection if projected Crab is confirmed and both TP's got hit. Anyways 300 pips up look very possible for next week.
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No comments? If it continues like that, I will keep my trading ideas for myself. Thank to all the followers who will keep on receiving my updates.
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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.