EURGBP SELL SETUPDowntrend is in full effect and based on the pattern here, i expect there is more to come. Selling the breakdown here would be an ideal way to enter.
Breaout
Waiting for price to break the KumoIf price breaks the Kumo and 50 RSI I will enter long.
Nothing further until price breaks KUMO
Short AUDCAD: Bat + Crab + Fib Cluster + PivotAUDCAD is nearing the PRZ of two bearish harmonic patterns. The PRZ is confluent with resistance from a Fibonacci cluster (.618 and .786) formed by two structure highs and lows. To add to the bearish bias, there is a missed monthly pivot below price which coincides with .618CD. Entry is placed at the center of the PRZ with SL at 1.13XA (bat) and targets at the .382 retracement of the CD leg.
Confluence in the PRZ:
Bearish crab pattern completion
Bearish bat pattern completion
3.382AB=CD
3BC Projection
Fibonacci cluster
Missed December, 2015 pivot below price
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