I see a 5-3-5 zigzag pattern.
We have almost completed the midsection - awaiting one final move up to complete the second wave.
Trade Idea:
- Watch for bullish reversal patterns on lower timeframe
- Safe entry on break of red trendline (Watch For Break -WFB) on the chart.
- SL below price once red trendline breaks
- Buy Targets: 32.5, 50, 60, 100
Then I see the pair coming for a bearish reversal after successfully retesting the supply area and then producing strong bearish reversals on the lower timeframe.
Trade Idea:
- Watch for bearish reversal patterns on lower timeframe
- SL above the supply zone after successful fakeout.
- Sell targets: 6.10, 4.50, 3.50, 1.55
We have almost completed the midsection - awaiting one final move up to complete the second wave.
Trade Idea:
- Watch for bullish reversal patterns on lower timeframe
- Safe entry on break of red trendline (Watch For Break -WFB) on the chart.
- SL below price once red trendline breaks
- Buy Targets: 32.5, 50, 60, 100
Then I see the pair coming for a bearish reversal after successfully retesting the supply area and then producing strong bearish reversals on the lower timeframe.
Trade Idea:
- Watch for bearish reversal patterns on lower timeframe
- SL above the supply zone after successful fakeout.
- Sell targets: 6.10, 4.50, 3.50, 1.55
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