Here we can see a lovely harmonic pattern formation, now I am looking to swing this all the way down to the 68.00 level. A risk/reward ratio of 1:3.5 which we should get some good gains out of. Let me know your thoughts below!
Harmonic pattern formation with a clear rejection from C. Will wait to see where price ends up before selling from point D. Let’s see how it plays out! Think we could see price hit the 0.87800 level before a sell off period once again down to the 0.87200 level and then further.
Here we can see price completing the Harmonic pattern. Now we sell at D. I personally love this pattern because it rules out any silly trades/entries and it makes you wait for the pattern to complete!
2 trades with 2 TP’s!