Monthly + Weekly: bearish impulse leg with correction.
Daily: harmonic pattern completed and confirmed with an inverted hammer candle.
We are currently in the trade. We are looking for structure to break on the upside on the 4H one more time before we run risk-free. Then we monitor the first potential area of resistance (1.6100) before we hit our TP of 1.6150
The risk to reward is 1:2.45.
Good luck trading this week. Remember to like this post and comment on your ideas down below, and follow us for more free analysis.
Daily: harmonic pattern completed and confirmed with an inverted hammer candle.
We are currently in the trade. We are looking for structure to break on the upside on the 4H one more time before we run risk-free. Then we monitor the first potential area of resistance (1.6100) before we hit our TP of 1.6150
The risk to reward is 1:2.45.
Good luck trading this week. Remember to like this post and comment on your ideas down below, and follow us for more free analysis.