Potential Long entry. Strong Structure level as well.
This is in addition to the previous Audusd concept, which has become void. Potential Short Entry.
382 retracement expected at max.
Potential Long Entry. Strong Structure.
Look for break to the upside of the wedge forming a new structure high (Break above close above),as indicated by the recatangle and look for the completion of the pattern.Large bearish candle at that point making it even stronger to go short.Nice R.R ratio.
Update on previous bullish cypher idea. This gives us the best R.R ratio.
Pattern Filled, potential entry zone.
Trend is bearish, however a potential counter trend trade is possible if a double top is formed for the retest of previous structure, giving us a very nice risk to reward ratio, along with bullish divergence. if the bullish momentum continues it will lead to a potential bearish bat pattern. If the market breaks structure to the downside, we can expect a rally to...
Potential at the retest of the .886 retracement, if target one is hit at the .382 retracement then the pattern becomes invalid.
Potential Short, Very high risk to reward ratio. Leading to a potential bullish bat pattern. Trailing stop is recommended.
Better entry at the .886 retracement along with Harmonics.Potential Long entry.