I like to trade near round numbers because price often reacts near them offering good reference for setups. Here we can see a perfect bearish shark near the round number 1.6000. Price already reacted to the PRZ forming a pinbar. I expect a big long term decline, last target would be near 1.5500 Regards.
Comments
fxrandal
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What are your thoughts on this position with the current upswing? Thanks!
BuySellBuySell
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Hi FTT. Thanks for posting your trades, I am really enjoying seeing them. Are you still in this trade or stopped out?
Daily4xTrades
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Hi FullTimeTrader.. so are you waiting for the harmonic to complete near 1.60 or are you getting short sooner?
FullTimeTrader
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Hello, i would enter now because if you see price already touched the 1.61 level of the shark and formed a pinbar. Regards.
Daily4xTrades
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Or did it complete? hard to tell but looks like it did.