EU 1h 4h - alt shark and bat pattern
Updated
hello.
the pair completed a max Gartley pattern and it bounced a little as if it was a dead cat bounce. you can go short after the support break and place your tp on the target I mentioned. the first target is the completion of bat pattern (and alt shark 88.6level) and the second target is the completion of alt shark (113level). so if you want to trade I suggest you wait for breaks of the aforementioned levels.
the important thing is the pair will go down until the daily candle makes a reversal pattern.
the pair completed a max Gartley pattern and it bounced a little as if it was a dead cat bounce. you can go short after the support break and place your tp on the target I mentioned. the first target is the completion of bat pattern (and alt shark 88.6level) and the second target is the completion of alt shark (113level). so if you want to trade I suggest you wait for breaks of the aforementioned levels.
the important thing is the pair will go down until the daily candle makes a reversal pattern.
Trade closed: target reached
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.