in my opinion, should things be ok in the market, it is more likely to reverse at the point of the rectangle and entry to go long for a short term. this will lead to termination at the cypher which was previously drawn and if so, some profits banked in,
also the market could lead to a termination at the top level to form and complete an alternate bat pattern that likes completing like crazy especially coming down from an upper trend line level hit as in this case
however the market is in a short bullish move as a pullback from its normal bearish move having it the top of the trend at around 1.55200 level.
should it go as predicted, one stands a chance to benefit from these charts of mine
as usual. good entry
good risk to reward ratio
good luck to you
Comments
chrystael
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Oh my God. Chrystael why are you doing the market like this?
Did anybody ge this trade into his pocket?