Here is a potential harmonic pattern on my radar. (I am just training, though, I advice you to do your own analysis^^)
If the price on the potential CD leg close below 1.22704 on H1 the first target will be the PRZ (Potential Reversal Zone) with target 1.2210.
After testing all the zone and mainly the 0,886 XA fibb, we can manage to go long with the standart 2 targets for a bat completion. We have to look at candle formations on the PRZ
TP1 : 0,382 AX fibb retrac
TP2 : 0,682 AX fibb retrac
SL : below X (1,21550)
If the price on the potential CD leg close below 1.22704 on H1 the first target will be the PRZ (Potential Reversal Zone) with target 1.2210.
After testing all the zone and mainly the 0,886 XA fibb, we can manage to go long with the standart 2 targets for a bat completion. We have to look at candle formations on the PRZ
TP1 : 0,382 AX fibb retrac
TP2 : 0,682 AX fibb retrac
SL : below X (1,21550)
Order cancelled
The price invalidates the pattern.
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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.
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.