This pair has been good to me..., lots of harmonic patterns...
Large bullish bat TP2 (blue) at 0.618 is getting close..., closed previous longs, might get some down retracement soon...
If not, or after such a retracement we could continue up to form yet another harmonic pattern...
Possible new harmonic patterns:
1) Possible bat around 1.0000 psych level (confluence)...?
2) Possible shark if we count the spike down to 1.13 ext. of shark XA (not to confuse with bat XA!!)..., 2 options for completion:
2.1) 0.886 0X for min. shark with 1.618 AB ext. confluence
2.2) 1.13 0X for alternative shark with confluence of 0.886 of blue bat XA... (possible new bearish bat forming...?)
Look for confirmation of uptrend reversal on lower TF's...
IMPORTANT NOTE: Shark is 0XABC with possible D at 5-0 pattern completion (shark count not shown in the chart) instead of bat which is XABCD...
Large bullish bat TP2 (blue) at 0.618 is getting close..., closed previous longs, might get some down retracement soon...
If not, or after such a retracement we could continue up to form yet another harmonic pattern...
Possible new harmonic patterns:
1) Possible bat around 1.0000 psych level (confluence)...?
2) Possible shark if we count the spike down to 1.13 ext. of shark XA (not to confuse with bat XA!!)..., 2 options for completion:
2.1) 0.886 0X for min. shark with 1.618 AB ext. confluence
2.2) 1.13 0X for alternative shark with confluence of 0.886 of blue bat XA... (possible new bearish bat forming...?)
Look for confirmation of uptrend reversal on lower TF's...
IMPORTANT NOTE: Shark is 0XABC with possible D at 5-0 pattern completion (shark count not shown in the chart) instead of bat which is XABCD...
Comment:
Tested the 0.618, waiting still...
Comment:
What a pullback thanks to the NFP... No chance to enter..., waiting now...
