I have spotted a formation on EURCAD that looks a lot like a Gartley Bat. I am not 100% convinced due to point C being lower than point A. Is this allowed? All the other points look good, especially as CD is 0.866 (ish) of XA.
Also, it looks like the reversal may have already started.
I am new to these harmonic ...
291113 - UTC 08:30
Reason to trade:
Most of November has seen repeated testing of the year long low at around 0,8310. With the continuing bearish pressure, it is doubtful that the support will hold much longer as there still seems to be plenty of buyers out there. I will reassess early next week.
There is ...
251013 - 12:40 UTC
Reason for Trade:
Looking for medium term trade, about a week. Strong bullish pressure building towards secure resistance zone @ 1,6250
I would like to see the price move at least 1 x ATR above R zone about 30 pips. So, will buy @ 1,6280.
Take profit is set, optimistically, @ ...