Sticking with the prevailing trend on the higher time frames and looking for a possible short entry to get in on should this thing break to the downside based on the 1D chart. The area where this harmonic pattern would complete comes in at a previous structure level on the 15m chart.This may serve as a possible short entry should there be SIGNS that the market wants to revert and continue down (I need conformation like a teenager!). I would only enter if both legs match, AND if there are bearish signals at that level. Just my two cents, what do you think?
Trade active:
A little late on the update, but sold the breakdown of the channel here at 101.18, trailing stop is now sitting just above 100.50. as of right now were at a 1.618 ext. price will most likely rally here, how far?Don't really know or care because I'm in profit.
Trade closed manually