opportunity ,,,, enter after the break of 8.778
Engulfing candle is difficult to break, expected bounce of this area
any signs of long, don't wait just go with it :)
Looks like GBPNZD in the way of forming H&S, let's see how the price would react on the nick line!
the price is trying to get out of this wedge to the down side, high risk trade!
i don't believe the price can reach the wanted area, especially after completing the 5th wave before reaching the target. but we have to respect the rules
looking at PRZ at around 161.75 to 161.65
Mr. Carney, Bat pattern in his book " Harmonic Trading".
as mentioned by Mr. Corney in his book "Harmonic Trading", a rare case of AB=CD extension to go up to 3.14 to hit BRZ
This is a summery of Mr. Carney book "Harmonic Trading". AB=CD chapter.