As I am selling this Alt. Bat from the top expecting correction to broken daily strong resistance which has not been tested yet I see a possible Gartley forming that will support the general hawkish idea that I have on this pair. This will take a while as I am expecting to be a corrective wave after last strong bullish move but the main long opportunity would be on a D-point of projected Harmonic if confirmed which aligns nicely with other former strong bearish structures that had been broken recently e.g. daily horizontal resistance, Neckline of inverted H&S and 200 MA.
What do you think about such an idea?
And as always good luck!
What do you think about such an idea?
And as always good luck!
交易结束:到达目标:
TP1 reached. For those ho follow this idea I would suggest to wait for BC leg to complete before selling CD leg to complete the pattern. Potential entry on the chart. Patience is the key to success :) GL!