As I am selling this Alt. Bat from the top expecting correction to broken daily strong resistance which has not been tested yet I see a possible Gartley forming that will support the general hawkish idea that I have on this pair. This will take a while as I am expecting to be a corrective wave after last strong bullish move but the main long opportunity would be on a D-point of projected Harmonic if confirmed which aligns nicely with other former strong bearish structures that had been broken recently e.g. daily horizontal resistance, Neckline of inverted H&S and 200 MA.
What do you think about such an idea?
And as always good luck!
What do you think about such an idea?
And as always good luck!
Trade closed: target reached
TP1 reached. For those ho follow this idea I would suggest to wait for BC leg to complete before selling CD leg to complete the pattern. Potential entry on the chart. Patience is the key to success :) GL!
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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.