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Here is a typical "bullish crab harmonic pattern". Although, this may be very glaring and have been analyzed on H1 or H4, what matter is that if you will take the trade, consider using appropriate risk and see how it pans out.
Any pullback can be considered as a possible retracement for another leg upside till the TPs are achieved, that is if this pattern is what it is as we can see it. Also, The white lines are potential TP areas while the SL is clearly pointed out.
DISCLAIMER: Please note that this is not an investment advice for anybody to run or undertake; It is for educational purposes only and they are my personal views on this assets. If anything goes south, I am not liable. Also, know that Forex is a high risk and reward business. So, do not trade with borrowed money or the one you can not afford to lose.
TP1 hit of about +130pips.
Move SL to BE and take partials.
Enjoy
hassanfxopen
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i think am seeing a double top in play and now its retesting to the neckline for more impulse to the downside... am gonna enter at that neckline cause its also indicating as a supply zone too, more reasons to enter. and you look closely at the daily or weekly TF that retest to the upside isn't complete either.
PeNuel2020
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@hassanfxopen, I totally understand. Well, there will definitely be a selloff below @83. But be mindful of this rejection upside. It's a massive one with over +100pips. More so, the rejection above @81.3 level is a strong one from history that can achieve the @84 high again. So, watch out carefully sir!
Move SL to BE and take partials.
Enjoy