Hello everyone , i dont fancy trading this pair however we might have a chance to go long on this pair. Again my analysis is based on elliot wave as well as harmonics
As you can see that price is forming a bullish flag and is finishing its final wave C before it breaks out to the top. We also have two harmonic patterns first being the bearish gartley and price might try to complete its Intermediate Wave C after breaking out from the bullish flag. We also have a bullish bat and price might be finish its CD leg at the bottom which well give us an entry with a potential risk:reward of 1:10
Again this has been my least favorite pair to trade so i would personally be very cautious if i plan to take this setup and i would advice everyone to take a trade based on there own analysis and not blindly copy this trade
Cheers
As you can see that price is forming a bullish flag and is finishing its final wave C before it breaks out to the top. We also have two harmonic patterns first being the bearish gartley and price might try to complete its Intermediate Wave C after breaking out from the bullish flag. We also have a bullish bat and price might be finish its CD leg at the bottom which well give us an entry with a potential risk:reward of 1:10
Again this has been my least favorite pair to trade so i would personally be very cautious if i plan to take this setup and i would advice everyone to take a trade based on there own analysis and not blindly copy this trade
Cheers
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