I have tried to mark all the possible moves for GBPUSD which will followed highly probably.
simple price action
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Even though the c point is not yet confirmed i have randomly placed a formation just by making a small guess.
i have used the fibonacci ratio to see what the five points are.
i am not trading this. might be a proper analysis.
i am just learning harmonics.
do help me out.
i will keep it updated. :)
Discover of the Fibonacci sequence led to the discovery of various relations in this universe. One such is the Harmonic patterns. Amazed by reading the book by Scott carney on Harmonic patterns.
peace :)
The market has an opportunity for a short term sell. as it follows the down trend.
if the market doesn't break the trend channel there is a possible small downtrend.
if the market breaks trend channel wait for confirmation before entering long.
let the market break the counter trend line before entering the trade.
just practicing*
