Price came back to a weekly level and rejected it once again. this time, it created a bearish engulfing to end the week. So this week I am looking for a retest of this bearish engulfing That happens to be on the daily timeframe.
Also on the daily, you could see that it formed a bearish harmonic. So I am expecting this to be heavily respected. This could be an indication that we are breaking a range that has occurred for several weeks now that is also seeing clearly on a daily timeframe.
So, this can possibly signal a major breakout swing trade for the short starting this week. But first, let's wait for the pullback to be completed first before we take the swing sell. This has been a fun pair to trade for all of April. Can't wait to enjoy more this month.
BULL TPS: • 151.328 • 151.633 • 152.091 • 152.459
BEAR TPS: • 150.834 • 150.359 • 149.833
Trade active
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BULL TPS 1&2 were hit before the drop all the way to BEAR TP1. Trade is not complete until all BULLS or BEARS TPS have been hit.