Price is in a descending channel with 2 possible Harmonic Patterns where C - D leg are closely met at Fib ratio of .886 and Fib Ext 2 and 1.414 On H4 Chart tracking back the initial rally and where price had come back down and respects the same range as PRZ
Very cautious with this one as counter trend trade on a down trend is not recommended. However, the confluence, structure and R&R is worth a trade. No pending order.
Trade aktif
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Trading ditutup: target tercapai
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Only 1 TP as it's a short term trade on a downtrend. As mentioned, cautiously took this trade.
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I am looking for another buy opportunity. Please follow this link for details.
@HamzaSaleem, Hi, details on the chart. Entry would be either the completion of C- D leg of Bat Pattern or C-D of AB=CD. Price is currently testing the Bat Pattern.