Watchlist - longer Swing
Bearish Gartley completed and tested all levels of PRZ.
No trigger on either RSI or H.S.I (Harmonic Strength Index) even though H.S.I bounced of extreme level. I´m looking for a "break from above".....
Watching for a Type 2 reaction and retest of levels.
Type 1 Bullish Bat in HT trend direction. All 3 levels tested and H.S.I + RSI trigger.
Targets @ 38.2% and 61.8% with Normal trendline and accelerated trendline for
trade management. Since it´s a Type 1 I expect a retracement around structure at 38.2%.
SL below structure.
This potential bearish Cypher gives (my) rules a bad risk to reward at "D" entry point.
If your rules allow it you could move your entry to resistance level (Kill Zone) and thereby getting a better risk to revard.
Entry at 0.7109
SL at 0.7145
T1 at 0.7066
T2 at 0.7043
Bullish Cypher lining up.
SL at 0.6890
T1 at 0.7031
T2 at 0.7072
If you wanna go abit more defensive on your entry you can wait for PA to enter Kill zone with good support levels.
Same targets and SL - just better risk to reward.