Hi guys,
here you can see a bat formation near to the completion D point. However, my analysis started from higher timeframe, where i've indentified the strong daily support sitting at 1,60 even handle number. The harmonic formation ends up right there and therefore i think it could be a nice opportunity to go long.
Stops below X, targets at the .382 and .618 retracement of AD leg.
Good trading!
If you want to share your standpoint or ask questions, feel free to comment below.
Otherwise, see you in the next chart!
here you can see a bat formation near to the completion D point. However, my analysis started from higher timeframe, where i've indentified the strong daily support sitting at 1,60 even handle number. The harmonic formation ends up right there and therefore i think it could be a nice opportunity to go long.
Stops below X, targets at the .382 and .618 retracement of AD leg.
Good trading!
If you want to share your standpoint or ask questions, feel free to comment below.
Otherwise, see you in the next chart!
Trade active
Comment:
90% of target1 attained, so i moved my stop to break even. I don't want to lose when i get so close to target.
Trade closed: target reached
Trade closed: target reached:
Target2 reached! Nice and clean!