My first Idea............
This Shark is looking to be pretty strong considering the timeframe that it sits on I waited for the first reversal but did not enter there as i had no idea of the strength of this harmonic pattern but with the RSI confluence there is some hope of this pattern......Taking this trade will be quite risky as one the higher time frame the pair has been on a pretty strong downtrend. Either way there is some sort of hope since in the higher timeframe the pair seems to be consolidating.......im waiting for the pair to hit the reversal zone again before entering.......hopefully it comes down.....fingers crossed
This Shark is looking to be pretty strong considering the timeframe that it sits on I waited for the first reversal but did not enter there as i had no idea of the strength of this harmonic pattern but with the RSI confluence there is some hope of this pattern......Taking this trade will be quite risky as one the higher time frame the pair has been on a pretty strong downtrend. Either way there is some sort of hope since in the higher timeframe the pair seems to be consolidating.......im waiting for the pair to hit the reversal zone again before entering.......hopefully it comes down.....fingers crossed
Comment:
good for the trade yet unfortunate for me the trade did go where i wanted it yet it did not come down for my trade to be active.......looking for a type 2 retest....