I do not see any Harmonic Pattern on this pair this moment.
However I see that this pair is at resistance.
Trade Execution
Taking this short trade based on support & resistance and the good risk to reward potential
Stops at 1.2620
Target at 1.2368
However I see that this pair is at resistance.
Trade Execution
Taking this short trade based on support & resistance and the good risk to reward potential
Stops at 1.2620
Target at 1.2368
Trade active:
It goes without saying that price will have to break below this Support TL to go lower. This TL is now critical to me.
If this bounces off the TL, we could potentially see a completion of a bearish Bat at 1.2566 for another short trigger.
My stops are currently above the highs at 1.2620, could move it lower by 30pips (to reduce risk) to 1.2590, just above the Resistance Zone
If this bounces off the TL, we could potentially see a completion of a bearish Bat at 1.2566 for another short trigger.
My stops are currently above the highs at 1.2620, could move it lower by 30pips (to reduce risk) to 1.2590, just above the Resistance Zone
