Hello guys,
This one looks like completed shark harmonic pattern, we will see drop. TA is for SHORT but I would wait for tomorrow´s Manufacturing Production m/m report (GBP -10:30 Berlin time) and in the afternoon there are some important reports from US so be careful. If you want to short it now put your SL at 1,42296 and TP at MAJOR supp level 1,40000. Risk/Reward=2,45 its nice.
Forex reports: https://www.forexfactory.com/calendar.php?week=apr8.2018#closed
Good luck.
Herac
This one looks like completed shark harmonic pattern, we will see drop. TA is for SHORT but I would wait for tomorrow´s Manufacturing Production m/m report (GBP -10:30 Berlin time) and in the afternoon there are some important reports from US so be careful. If you want to short it now put your SL at 1,42296 and TP at MAJOR supp level 1,40000. Risk/Reward=2,45 its nice.
Forex reports: https://www.forexfactory.com/calendar.php?week=apr8.2018#closed
Good luck.
Herac
Trade active:
It is still a valid shark pattern. SHORT if you have SL at my lvl you are still in a game.
Trade active:
TP1: 1,41253
TP2: 1,40935
TP3: 1,40000
BTW: You can use trailing SL. If your broker does not support this tool, once you reach these goals, move your SL manually (10 pips above your target) to lock in your profits. Let your winning position run.
TP2: 1,40935
TP3: 1,40000
BTW: You can use trailing SL. If your broker does not support this tool, once you reach these goals, move your SL manually (10 pips above your target) to lock in your profits. Let your winning position run.
Trade closed: stop reached:
SL reached.
If you notice some reversal pattern at major supp 1,42500 you can try to short it again.
If you notice some reversal pattern at major supp 1,42500 you can try to short it again.