This trade is setting up with "the look" that is usually
important for a 3 drive harmonics/symmetry.
The only problem is the length of the 1st
2 drives @ about 300 pips or so, places the 3rd drive
about 40/50 pips above the 1.272 entry and previous
high on the Daily chart. Seems inevitable that the high
will be tested. Perhaps the candlesticks w/rsi will yield
the entry and some smart stops
important for a 3 drive harmonics/symmetry.
The only problem is the length of the 1st
2 drives @ about 300 pips or so, places the 3rd drive
about 40/50 pips above the 1.272 entry and previous
high on the Daily chart. Seems inevitable that the high
will be tested. Perhaps the candlesticks w/rsi will yield
the entry and some smart stops
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.