EURUSD, one little two little three little patterns!There are three potential bearish harmonic patterns for EURUSD,
the biggest one is still a little bit early, while the smaller 2 are already on the mark!
If you can read Chinese,
I kept updating this "Long Short Fighting " on this pair in a history story way lol.
It's hard to use sell limit to take this trade as it will be extremely hard to give stop loss. (Easily got stopped out before another D point.)
Therefore, using reversal sign to take these trades is very important which gives a better indicator for how to set stop loss!
Let's see how it goes!
Longshortfighting
BTC HAVING A HARD TIMEAs expected, BTC failed to get a sustainable brekaout above the 9.000$ mark.
We got a retracement of almost 500$ over the past few hours.
Anyways, things are getting pretty interesting now and I'm still considering a bearish outcome to be the MOST LIKELY one.
However, I do NOT EXCLUDE a bullish outcome.
BEARISH OUTCOME
It looks like BTC has been forming a harmonic bat pattern and is still moving within the rising wedge.
Additionally, we could get some sort of a doubletop here.
If you want to short, make sure to watch how price behaves around the yellow zone (8.600$).
A sustainable breakdown would give us a solid short signal with the 1st target being at 8.250$ and the 2nd target being at 7.800$.
BULLISH
In case BTC manages to break ABOVE the rising wedge + 9.000$ resistance with high volume, I'm expecting 9.700$ to be the 1s target and 11.000$ to be the 2nd target.