Also coincides with the daily descending trend line.
There are double bearish bat harmonic pattern. The area of 1.1475 - 1.1425 will be where price pullback to happen for 3 waves down towards 1.1350 - 1.1325 before further upside.
Pair made 5 waves from the Low. Expecting to make 3 waves pullback minimum before going to the upside towards 151.xx
Broke the 1.1300 level. A pullback before resuming to the downside.
A breakdown of the wave count. Yesterday daily closing closed as Bullish Engulf. Sign of bullish. This could come as a Regular Flat ABC targeting 1.19xx region.
After i've published a potential harmonic pattern Bearish Bat on this pair weeks ago, now we are looking at another potential Bullish Bat. Minimum Target of Take Profit is 38.2 fibonacci retracement of AD only provided when we have bullish candle pattern on the 4hr. Preferably Bullish Engulfing.
A very potential harmonic pattern Bullish Shark.
A very possible Bullish Cypher/Shark to be completed in the area.
Could this be? And make a flat and go higher?
Go long when 4hr form any bullish candle pattern.
Potential Bullish Cypher. Look out for hourly bullish engulf to validate it and go Long towards 1.1875 - 1.1950.
Daily formed as Bearish Engulf with completion of Bearish Bat harmonic pattern. Stop loss will be at high of 113.20.
Some days ago, i posted a potential H&S forming and right now, we have price seems to be making Right Shoulder. I will be looking to go Long somewhere 50% - 61.8% of Fibonacci retracement from low of 11th September to peak 26th September in between 0.7200 - 0.7172 with Stop Loss at 0.71410. Also visible and forming IF only price heading to 0.7430/40, is a...
Price now seems to be retesting broken neckline and also an ascending trendline from 15th August.