We are at D point of a Bearish Black Swan pattern and at a C leg of an Emerging Bullish Navarro 200 pattern. EURUSD will start a down ward move to the D point of the Navarro pattern.
Case for a shortL
2. 619 Fib Retracement
3. D point of Bearish Black Swan pattern
4. C point of a Bullish Navaro 200 pattern
We are a t C point of an Emerging Bearish Black Swan pattern. I'm looking to ride this up to the completion of the pattern and then back down from D to C point. Will update the SL once the pattern is complete. Happy Trading!
This is how I see audusd unfolding short term. We broke out a 15 min channel, looking to go short once the price gets back to the bottom of the broken channel and then go short with 3 trades, taking profit at 2 support levels and at bottom of 60min channel.
In my opinion we are still very bearish on EURUSD. I'm waiting till price comes back up to the bottom of a channel we broke out off on Friday and looking to go short till D point completion of 2 harmonic patterns. Just my opinion! Happy Monday everyone!!
We are at a C point on 2 possible harmonic patterns right now (Bullish Black Swan and Bullish Shar) I'm going to try to ride this from point C to D of both patterns and then take it back up as the patterns complete. Will update the TP and SL for D point trade once we get there. Happy Friday everyone!!