This pattern may seem to be already complete even with the Type-1 reaction of the price into the PRZ, but it's not because PRZt it was not entirely tested by the price, but this shows us how this zone is really strong.
It's wise to be careful and wait for the type-2 reversal of the price, that means the price it's going to test the PRZ for the second time, and after that we can think about trade it, if the price gives us a trigger to do so, if not patience, we should wait for a great opportunity soon.
1. Harmonic Pattern Completion - Done;
2. PRZ Hit - Done;
3. PRZ Test - In the process;
4. Type-1 Reaction - Done;
5. Type-2 Reversal - Waiting;
6. Terminal Bar - Waiting;
7. Candlestick Reversal Sign - Waiting;
8. Candlestick Confirmation Sign - Waiting;
9. RSI Reversal Sign - Waiting;
10. RSI Confirmation Sign - Waiting;
11.Risk Management - Applied;
12. Risk / Reward - 1/3.
" But he that is greatest among you shall be your servant."
Matthew 23:11
Pips Hunters Forex
It's wise to be careful and wait for the type-2 reversal of the price, that means the price it's going to test the PRZ for the second time, and after that we can think about trade it, if the price gives us a trigger to do so, if not patience, we should wait for a great opportunity soon.
1. Harmonic Pattern Completion - Done;
2. PRZ Hit - Done;
3. PRZ Test - In the process;
4. Type-1 Reaction - Done;
5. Type-2 Reversal - Waiting;
6. Terminal Bar - Waiting;
7. Candlestick Reversal Sign - Waiting;
8. Candlestick Confirmation Sign - Waiting;
9. RSI Reversal Sign - Waiting;
10. RSI Confirmation Sign - Waiting;
11.Risk Management - Applied;
12. Risk / Reward - 1/3.
" But he that is greatest among you shall be your servant."
Matthew 23:11
Pips Hunters Forex