This formation can take time because the Pound Dollar have been so lazy to move and that provided really low volatility but, fortunately, it's going to complete the pattern and also it maybe test the support zone!
Okay here we don't have much to say, we have the harmonic pattern being formed and also we have the support zone that can be tested, that being said, let's go to the basic rules:
1. Harmonic Pattern Completion - 95% complete and Waiting;
2. PRZ Hit - Waiting;
3. PRZ Tested- Waiting'
4. Support Zone Tested - Waiting;
5. Candlestick Reversal Sign - Waiting;
6. Candlestick Confirmation Sign - Waiting;
7. Risk Management - Set;
8. Risk/Reward- 1/4;
Okay, we just have to wait and see if this's going to provide us with some profits.
"Failures re ginger posts on the road to achievement".
C.S Lewis
Pips Hunters Forex
Okay here we don't have much to say, we have the harmonic pattern being formed and also we have the support zone that can be tested, that being said, let's go to the basic rules:
1. Harmonic Pattern Completion - 95% complete and Waiting;
2. PRZ Hit - Waiting;
3. PRZ Tested- Waiting'
4. Support Zone Tested - Waiting;
5. Candlestick Reversal Sign - Waiting;
6. Candlestick Confirmation Sign - Waiting;
7. Risk Management - Set;
8. Risk/Reward- 1/4;
Okay, we just have to wait and see if this's going to provide us with some profits.
"Failures re ginger posts on the road to achievement".
C.S Lewis
Pips Hunters Forex