The big green harmonic did it's job, now it's time to look for new opportunities...
Possible short opportunity here based on harmonics.
Alternative trade: wait for the double top level or do a 2-tier phased entry at this level and at the double top level with SL a little wider...
TP1 at the trendline, if it breaks we might get lucky and get TP2 at the completion level of yet another bullish pattern...
Possible short opportunity here based on harmonics.
Alternative trade: wait for the double top level or do a 2-tier phased entry at this level and at the double top level with SL a little wider...
TP1 at the trendline, if it breaks we might get lucky and get TP2 at the completion level of yet another bullish pattern...
Note
Looked good for a while after the RBNZ news yesterday but then it quickly reversed...Now the only short chance left is the double top level (also see alternative trade as mentioned above)...
Note
Double top level had a good reaction but now we're back up...Those who are in from duble top level trail SL to BE to be on the safe side or at least keep it tight.
Those who are in from the first post can still decide, nothing has changed R/R wise but there is still potential to move further up so possibly step out at BE or keep with the same risk (SL is still in the same place, recent spike shouldn't have taken it out if it was at the level of my chart).
Note
Anyone know how I can get rid of these trade details on screenshots...?Without them:
Trade closed: stop reached
Failed, game over...
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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.