I base all my trades from the higher time frames and then break it down to the lower time frames. all analysis on the chart or price cold just rip higher from the current level and not even go as low as I want it too,
Anticipating a re-test on the breaker then price to resume going lower, all my analysis is based off the higher time frame then breaking it down on the lower time frames. waiting to see what price does first before I react
Once the harmonic pattern is complete at the 1.01330 level I will be looking for and going short holding it for a while
up to the 0.95277 levels. But for the time being I will be looking for long positions.
This could be a very profitable trade. I am waiting for the pattern to complete first and and on completion at the 1.01330 level I will be looking for bearish price action signals. But for the time being I am looking for a swing low to go long with the right Risk management.
on completion of the triangle, price should break below and also watch for a re-test before entry. be careful of price spikes so you do not get wiped out. Could be a profitable trade such as the long from this whole week. RSI DIVERGENCE also acting as an indicator for this short
Price approaching a key support level, potential longs on the daily bullish OB and on completion of the ab=cd pattern. I don't think this move will happen today but I will be watching it closely into next week