We're going up for the next week.
Beautiful Crab at 1.40 - 161.8 Fib extension
Daily Woodie S2 at 1.40, previous daily S3 at 1.40
Weekly Woodie S2 at 1.40
RSI 4H, 1H approaching critically oversold.
1.40 is a strong psychological level.
Bullish divergence
There are no current week or last week pivots that would stop the fall to 1.40
Entry at 1.401
PT 1.413, 1.423
SL 1.397
Excuse my cluttered chart, forgot to change the previous pivots to show.
Beautiful Crab at 1.40 - 161.8 Fib extension
Daily Woodie S2 at 1.40, previous daily S3 at 1.40
Weekly Woodie S2 at 1.40
RSI 4H, 1H approaching critically oversold.
1.40 is a strong psychological level.
Bullish divergence
There are no current week or last week pivots that would stop the fall to 1.40
Entry at 1.401
PT 1.413, 1.423
SL 1.397
Excuse my cluttered chart, forgot to change the previous pivots to show.
Note
After Saunders Speech it might try to get away sooner than anticipated. Put long order at 1.4090 with tight stop loss in case it doesNote
Forgot to add it's using last week's pivot as pivotNote
Actually, better just wait for NY session startTrade active
Trade closed: stop reached
It'll go to 1.3955 before potentially bouncing back up, but I hit my stop loss. Should have paid more attention to daily pivots. Also, I'll stop trading harmonic patterns. They work but the reversal zone is too large for me.
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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.