Looks like its been on a solid uptrend with lots of higher lows and it bounced off of the 382 and continued up. Looks like a pullback into the zone is occuring with some slight consolidation.
Over trend is bearish so far it seems to be respecting higher the trendlines based on higher timeframes, Still no major bearish action yet but this could be the start of a Downtrend Continuation SL's and TP are on the chart but please use risk management! Waiting for more lower highs indicating bearish price action and seeing how much it pulls back. Stop hunts...
Still testing the waters with Harmonics comment what you think and any corrections.
Using Top Down analysis I can see that UJ is at Heavy Support, The W Pattern is forming on H4 and Higher Timeframes. Also there was a break of structure previously to the upside with multiple retests. Ideal entry would be 108.902 Targets are on the Chart SL Below 108.500. My Bias is bullish On this pair. Waiting for a pullback to First entry or a Lower high for a...
I am practicing harmonics so please feel free to give constructive criticism and helpful information. I believe I see a Bearish Crab Forming on H4 timeframe, Still not sure at this point but using simple raw price action, pattern/trend analysis there are many possibilities here.
Using Top down analysis I have a Bearish Bias for this pair you can clearly see an overall Double Top Pattern on the higher TF's I am currently short with my SL above 1.62806. TP Targets are set yet awaiting more bearish price action. On h1 there is a smaller Double Top which I made my entry on. Also my pending was triggered @ 1.62248 which gave me a perfect wick...