Currently the BAT Harmonic has formed, all Fib requirements met, it still hasn't fully touched the D point it fell shy of it. Hoping
price will trade into this area so I can look for a short setup. Take profit zones are denoted by the orange lines, TP1 and TP2 respectively.
I'm not just going to leave a resting sell here, I want to see price break down bearishly. Will update entry and SL
when trade is executed.
price will trade into this area so I can look for a short setup. Take profit zones are denoted by the orange lines, TP1 and TP2 respectively.
I'm not just going to leave a resting sell here, I want to see price break down bearishly. Will update entry and SL
when trade is executed.
Comment:
Wanted to manually execute but I need rest, leaving resting order with SL as seen below
Comment:
Resting order didn't get hit, manually entered
Entry: $382.3
SL: $398
Entry: $382.3
SL: $398
Comment:
Price can easily find support around $375 area and bounce, as I didn't get my fill in the intended area i'm quick to close this trade at BE and search for an entry
if price heads into my intended zone again for liquidity grab
if price heads into my intended zone again for liquidity grab
Comment:
So far so good, but price is back testing resistance flipped support in this $370- $375 region so i can't get happy yet as this could easily go the other way 4H (HTF) is solid bear so i'll be monitoring.
Comment:
Price interacting with upward trend line here
Comment:
Price consolidated under $370 - $375 for 2 days before breaking out, i doubt that price would just slice through without giving a relief bounce before moving lower
but then again anything is possible
but then again anything is possible
Comment:
Price fell short of first target by $3 and so far penetrated the support level, grabbing liquidity. Now if $470 isn't reclaimed and price continues to trade under this level
we most likely will see take profit 2
we most likely will see take profit 2
Comment:
Take profit one hit, 50% of position sold, TP 2 up next
Comment:
PA says we get a pause from the bearish momentum, maybe this is as far down as we go can't confirm yet, we most likely retest $370 and confirm it as a support flip resistance and move lower to TP 2. Monitoring with SL in profit at $375
Comment:
Coming close to the $370 level, i think it's safe to look for shorts here
Adjusting the SL to $377 as the previous value of $375 lines up with the 61.8 Fib
which price could ultimately wick to before moving lower
Adjusting the SL to $377 as the previous value of $375 lines up with the 61.8 Fib
which price could ultimately wick to before moving lower
Trade closed: stop reached:
STOPPED OUT IN PROFIT
I still think we go lower to TP2 of the harmonic will be actively looking for short entries
I still think we go lower to TP2 of the harmonic will be actively looking for short entries