Harmonic pattern completes at resistance levels also we have a weak new structure high which means that it is probable that we have a deep correction, this is what it makes a high probability trade. Also on the daily chart we have price action confirmation of reversal and some indicators based confirmations on the reversal. it is a low risk trade for me. (stops just above X point and break even when price reaches T1 )
Trade active
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Trade closed: stop reached
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Comments
return_zero
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So we have sell here and 1TP around 35-36 on short term right ?
VasylKravchuk
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@return_zero, Yes the first TP (short term )is around 35 , to my opinion it might take maximum five days to reach TP2