I would wait for a retest to go long since I see that AB=CD ABCD? pattern idk what it is actually called but you get the picture.
You can have a smaller stop loss than me I'm just trying to be safe. I am still working out what seems to be a good stop loss.
It looks like a flag pattern to me yolo. Actually though I need to study up on patterns and see whats an appropriate stop loss and when to take profits.
when it breaks the trend line I would go in
If you could find a short within blue box your risk reward would be a lot better than I have currently.
I've been messing up lately with my patterns lol I hope I didn't miss anything. I'll go long when i see a reversal in the box.
I messed up my idea from earlier thinking it was a bearish gartley. I am keeping my stop loss very short as it went through previous structure.
Right now it looks like GBP/AUD will be either a gartley or an abcd pattern.
My C point is off idk lol close enough
My prediction on GBP/NZD
I am somewhat iffy about this trade as the zone where point D could be is HUGGEEEE. I probably won't be trading a lot of butterfly patterns because of this.
Price is coming very close to the zone where point D should be.
I am still new to harmonics and this looks like a gartley pattern.