Nice opportunity, a small stop loss needed.
its not a super strong level. its just reward versus risk. i place a stop above the resistance. the reward level is much bigger.
congestion area broken. more often then not there is a retest reaction
0.9871 is my best estimation to enter this trade
the target of my previous bullish setup is not yet met.
imho the 61.8 fib could be a good place to risk a few pips.
of course its a bullish sign.
The tl got broken so we look for a short position.
This is where i give it a shot..
will buy at 61.8 fib level.
careful, price approaching very fast.
will risk a few pips at this level.
this last wave seems a bit over extended.
i'd like to buy the pair, this is the best i can find.
have to wait till something better develops.
about 800 pips to be made here.
am shorting next retrace/
this is where i join the bears.
fib level and previous support.
this trendline could cause rejection.
the uptrend is strong.
lower tf a butterfly at 1.3197 where i will give it a shot.
a gartley just completed on audusd.
i am short. lets see if we get to 0.694
I want to buy at the cross section of the 2 lines.
target is the bat 'D' point.
2 ABCD patterns at the same level.
i be looking to short lower tf just for risk to reward ratio.
2 patterns in one.